degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …

There is a stark contrast between heightened perceptions of risk associated with drug-facilitated sexual assault (DFSA …

Future events are uncertain by their very nature. Therefore, people's risk preferences are likely to play a role in the … people's risk taking behavior is indeed a significant determinant of their time discounting behavior: Greater departures from …

ambiguity adversely affects business unit managers' effort choices, project risk can partly offset the adverse effect of … theory, predicting that greater risk reduces contestants' incentives to exert effort. Moreover, the equilibrium prize spread … is shown to decrease with ambiguity and increase with project risk. Finally, while greater project risk is unequivocally …

risk neutral. In this study, we relax this strict assumption that firms are risk neutral and introduce different attitudes … of firms toward risk as an additional source of firm heterogeneity. In particular, we examine how risk attitude changes …-specific uncertainty discourages risk-averse firms from participating in foreign markets more than risk-taking firms. One possible …