choices being observed, compared to anonymity of choices, on risk taking in a laboratory experiment. I relate participants …' investments in a risky asset directly to social norms for risk taking that are elicited in an incentivized procedure. I find that … risk taking is not affected by the choice being observed by a matched participant. Nor do investments follow elicited norms …

useful for out-of-sample prediction. Nor do we find practical applications of Bernoulli functions in major risk … potentially observable opportunities rather than on unobservable Bernoulli functions. -- expected utility ; risk aversion ; St …

useful for out-of-sample prediction. Nor do we find practical applications of Bernoulli functions in major risk …

We relax assumptions on individual risk preference, and set two theoretical rules for portfolio choices: either … minimize or maximize risk, for any return. Risk is modeled by four alternative formulas. We empirically test these rules by … uniquely consider 'money'; or they experience a 'subjective' perception of money. We find a large dominance of risk …

language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … asked to answer an extensive questionnaire covering risk perception and individual characteristics such as Big 5 personality … and financial literacy. Empirically, we observe a significant positive impact of linguistic uncertainty on risk perception …

Most textbook finance literature assumes risk to be the standard deviation of returns (volatility), which is not only … is consistent with investors’ actual perception of risk. Our method is presenting investors return distributions with … different risk characteristics for which they have to state their perceived risk and make investment decisions. Our results hint …

. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions …We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

they know more about, even when their beliefs are held constant. (They are averse to "ambiguity", or uncertainty about … probability.) We review evidence, recent theoretical explanations, and applications of research on ambiguity and SEU. …

coefficient of relative risk aversion (CRRA) that is commensurate with a 100% investment in the risky asset is simulated. The … following parameters are varied: the riskless return, the market standard deviation, the market stock premium, and the skewness …

Under risk, Arrow-Debreu equilibria can be implemented as Radner equilibria by continuous trading of few long … only possible if all discounted net trades of the equilibrium allocation are mean ambiguity-free. …