theory of consumption is suggested and discussed with respect to its implications for making a transition to more sustainable …

We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income … per capita. This gives rise to a paradox, seen that risk tolerance has been found to be positively associated with …

Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature … has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable … risk, in which there is a positive correlation between the fitness of a newborn agent and the fitness of her parent …