Using lab experiments this paper examines how the risk and return characteristics of a venture along with an … through debt and equity. We find that ventures financed through equity have significantly higher risk and higher expected … returns as compared to debt financed ventures. We argue that the higher risk taking behaviour may be explained by the risk …

The relationship between risk in the environment, risk aversion and inequality aversion is not well understood … with varying degrees of risk (“endowment risk”) influence individual behavior. We derive theoretical predictions for these … games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …