In this paper we examine how risk attitudes change with age. We present participants from age 5 to 64 with choices … probability of the non-zero payoff. Surprisingly, we find that many participants are risk seeking when faced with high …-probability prospects over gains and risk averse when faced with small-probability prospects. Over losses we find the exact opposite …

parents of such high growth and innovation can only be academic scientists. Indeed, academic entrepreneurship in the United … ways of growth and innovation, the notion of individual scientist entrepreneurs as pistons of economic growth, have never … dazzling example of successful scientist entrepreneurship, many other regions and universities have also had highly academic …

Transitions and Innovation Systems as a guide for authors, this conceptual paper suggests topic areas, streams of research, and …

discussing how concepts of rational decisions can be applied in situations of risk and uncertainty in the game, hypotheses on …).- Improving play by learning in a dynamic environment, from first steps to faster reaction times and general adjustments in risk … Finanzmärkten vergleichbar ist. Im Anschluss an die Erörterung, wie Konzepte rationalen Entscheidens auf Spielsituationen bei Risiko …

aversion, risk seeking over losses, and nonlinear and asymmetric probability weighting (in the spirit of Jullien and Salanié …, 2000). Loss aversion induces those speculators to trade more cautiously, while risk seeking induces them to trade more …

hold different portfolios. Our model is able to generate a time-varying risk premium of about 5.5% while maintaining a low … risk free rate, thus suggesting a plausible explanation for the equity premium puzzle reported by Mehra and Prescott (1985). …

decisions from description (decisions under risk), one shot decisions from experience, and repeated decisions from experience …

the dependent variable indicate that risk (benefit) perceptions increased (decreased) the discrepancy between WTA and WTP … estimates. The role of risk perceptions in explaining this discrepancy is congruent with consumers'’ propensity toward loss …