the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …

ante the consumer has to balance attitudes to risk with underlying preferences. We study this problem in the context of … determine the utility gambles, and attitudes to risk evaluate these gambles, in order to choose an optimal consumption gamble …. We study how risk aversion interacts with preferences to determine the direction and size of comparative statics effects …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is … aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

general view of constant relative risk aversion to investigate on different equivalence relations. Then we compare our results …

This paper studies the relation between concavity, stochastic or state dependent utility functions, and risk aversion …. Using the common definition of risk aversion, but modified for state dependent preferences, we show that concavity does not … imply risk aversion. Instead, it implies a weaker version of risk aversion, defined herein, and called risk aversion for …

for safety and feasibility to regulate against significant risk. For significant risks, especially those that are … operations, and their interoperability. Further, it defends feasible risk reduction as an effective decision and regulatory tool …

useful for out-of-sample prediction. Nor do we find practical applications of Bernoulli functions in major risk …-based industries such as finance, insurance and gambling. We sketch an alternative approach to modeling risky choice that focuses on …

the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …