Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

general view of constant relative risk aversion to investigate on different equivalence relations. Then we compare our results …

significant impact on health insurance enrollment, with risk averse individuals being significantly more likely than other …This paper analyzes the determinants of health insurance enrollment and health expenditure in Ghana using micro data … from wave 7 of the Ghana Living Standards Survey (GLSS 7) with emphasis on the role of risk preferences and the …

risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is … aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …

How do risk attitudes change after experiencing gains or losses? For the case of losses, Imas (Am Econ Rev 106 …:2086–2109, 2016) shows that subsequent risk-taking behavior depends on whether these losses have been realized or not. After a … realized loss, individuals’ risk-taking decreases, whereas it increases after an unrealized (paper) loss. He refers to this …