be risk averse, (ii) the bidders can have heterogeneous risk preferences, and (iii) the auction can have a binding … reserve price. Our analysis reveals that the premium has an intricate joint effect on risk sharing and expected revenue, which … in general benefits risk averse bidders. When the seller is more risk averse than the pivotal bidder - a condition often …

We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of … the digit ratio (2D:4D) in more than 200 subjects. In males, salivary testosterone is negatively correlated with risk … aversion for gains only. In females, salivary cortisol is positively correlated with risk aversion for gains only. No other …

English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for … are sorted into risk-averse and risk loving groups. We find that revenues in the EPA are significantly higher when bidders … are risk loving rather than risk averse. These results are partly consistent with theory and confirm the general view that …

. Surprisingly, we have null findings for testosterone as well as estradiol and cortisol. Controlling for risk aversion does not … ; Gender ; Competition ; Aggression ; Dominance ; Risk-taking ; Endocrinological economics …

price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk …’s expected revenue over standard auctions. We show that data from buy price auctions can be used to identify bidders’ risk … still available or place a bid) or wait and act later. Allowing for general forms of risk aversion and impatience, we first …

This chapter surveys the rapidly growing literature in which risk preferences are measured and manipulated in … menus. Applications involve using inferred risk preferences to document demographic effects, e.g. gender, and to explain the … effects of risk aversion on observed behavior in economic in settings, e.g. bargaining, auctions, and contests. Some …

contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …