measure based on decreasing absolute risk aversion utility function. I derive necessary and suffi cient conditions for …

We measure risk preferences for decisions that involve more than a single monetary attribute. According to theory, the … multivariate risk preferences correlation aversion, cross-prudence (coskewness preference) and cross-temperance (cokurtosis … aversion) determine how univariate risk preferences over attributes co-vary and interact. We obtain model-free measurements of …

the same for risk and ambiguity, as assumed by prospect theory, and sign‐comonotonic trade‐off consistency, the central …

We extend the definition of a convex risk measure to a conditional framework where additional information is available …. We characterize these risk measures through the associated acceptance sets and prove a representation result in terms of … conditional expectations. As an example we consider the class of conditional entropic risk measures. A new regularity property of …

This paper investigates how welfare losses for facing risks change as a function of the number of risk exposures. To … that aim, we define the risk apportionment of order n (RA-n) utility premium as a measure of pain associated with facing … the passage from one risk to a riskier one. Changes in risks are expressed through the specific concept of stochastic …

riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …

This paper explores three aspects of strategic uncertainty: its relation to risk, predictability of behavior and … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, gender, and age. From the … behavior is close to the global-game solution. Comparing choices in coordination games with revealed risk aversion, we estimate …