uncertainty. J. Risk and Uncertainty 5 297--323.) and Prelec (Prelec, Dra\v{z}en. 1995. The probability weighting function …

behavioral factors. The optimal wealth assignment between risky and risk-free assets results within a VaR portfolio model, where … risk is individually assessed according to an extended prospect-theory framework. We show how the past performance and the …

The prospect theory proposed by (Kahneman and Tversky, 1979) stated that people are risk-averse when faced with profits … and risk-loving when faced with loss. Benartzi and Thaler (1995) combined the Myopic Loss Aversion and Mental Accounting …

This paper examines the role of individual risk attitudes in the decision to adopt a new form of agricultural … biotechnology in China. I conducted a survey and a field experiment to elicit the risk preferences of Chinese farmers, who faced the … decision of whether to adopt genetically modified Bt cotton a decade ago. In my analysis, I expand the measurement of risk …

We elicit risk preferences of French farmers in a field experimental setting under expected utility theory and … preference model. On average, farmers are risk averse and loss averse. They also exhibit an inverse S-shaped probability … negatively linked with risk aversion. Our results also show that age, education, household size and the level of secured income …