Stark, Oded; Balbus, Lukasz - 2024
The purpose of this paper is to provide a general proposition of the relationship between altruism and risk taking. As … cases, we find that altruism lowers risk aversion. The specific case in which the utility functions of the benefactor and of … characterization. We conclude that in terms of risk-taking behavior, a "population" endowed with altruism is uniformly more willing to …