risk taking, yet results remain inconclusive. We suspect that this is due to difficulty in capturing risk preferences with … expected utility based tasks. Prospect theory, on the other hand, suggests that risk preferences differ between gains, losses … and mixed prospects, as well as for different probability levels. This study investigates the relationship between …

affected people's prospect-theory risk preferences, especially in the loss domain. The panel analysis indicates that with the …

When valuing risky prospects, people typically overweight small probabilities and underweight medium and large …

This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster … finding is consistent with prospect theory predictions of the adoption of a risk-seeking attitude after a loss. …

. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …, individual risk aversion has no effect on the decision to punish or reward. This is good news for lab experiments who abstract …

experiment. To identify the causes of risk taking by groups, we compare individual to group decisions in three scenarios. The … in 100% of the cases where outstanding individuals are risk averse, while group polarization appears to be more likely … towards outstanding risk loving subjects. Intra-group payoff conflict shifts these likelihoods, supporting the importance of …

This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …