risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face … greater risk than the rich, contributions and success in reaching the threshold decrease with increasing inequality in funds … available. This occurs not because the poor do not make a greater effort when they face higher risk but rather because the rich …

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent … experimental evidence however shows that the income of peers has a systematic impact on observed degrees of risk aversion. In … their peers. The present paper is, to the best of our knowledge, the first systematic analysis of income inequality and risk …

While economists in the past tended to assume that individual preferences, including risk preferences, are stable over … time, a recent literature has developed that indicates that risk preferences respond to shocks. This paper combines survey … data and field experiments with three different tools that facilitated elicitation of dis-aggregated measures of risk …

from non-migrants in risk and ambiguity preferences elicited using pairs of lotteries; however, migrants are significantly …Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk …, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences …