ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the … distribution over an individual's wealth is the same for both problems. The portfolio choice serves as a benchmark to evaluate … whether the wealth distribution choice exhibits equity or efficiency preferring tastes. We report experiments using a within …

The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents … that the degree of risk aversion varies with age or education. -- intertemporal choice ; risk aversion toward the length of …