behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …

determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role in capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …

, where capital accumulates through increased density of capital at risk in a given area, it is optimal for (i) the … probability of disaster occurrence to decrease with income; (ii) the capital at risk - and thus the economic losses in case of … development and slower than income at high levels of development. In that case, increasing risk-taking reinforces economic growth …

. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …