We empirically compare the consistency among several measures of risk-taking and patience by evaluating how these … tentatively conclude that relatively low-cost elicitation measures can be used to predict individual decision-making. Accounting …

We consider a standard one-agent decision-making problem under risk and we address the following question: under what … conditions is utility maximization equivalent to 'risk' minimization, where the measure of risk used by the decision-maker is a … conservative coherent risk measure? …

specification includes two parameters: one for ambiguity attitudes and another for risk attitudes. We also estimate a three …

A risky choice experiment is based on one-dimensional choice variables and risk neutrality induced via binary lottery …

The experiment reported in this paper identifies the effect of experience on revealed risk attitudes by examining “one …-shot” insurance choices made by subjects faced with a low-probability risk and their choices when they are faced with repeated … exposure to an identical risk. I find that subjects engaged in greater risk taking when making repeated choices. Estimates from …

a team decision algorithm, excess-risk vetoing, that combines simple majority voting with the right to veto alternatives …Many important economic and political decisions are made by teams. In the economic literature, however, the decision … extent observed team decisions under risk are actually consistent with the principles of rational choice, specifically the …

Prospect Theory (PT) and Constant Relative Risk Aversion (CRRA) have clear-cut implications for the optimal asset … allocation between stocks and the risk-free asset as a function of the investment horizon. While CRRA preferences imply that the …