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 …

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 …

. 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 …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

Risk-assessment and risk-taking in various forms are among the most important tasks financial professionals face in … domain) on risk-taking, predominantly among students. In a series of experiments set in different contextual frameworks, we … effect in risk-taking than the general population. Interestingly, for domain-specific risk-taking in a finance context, we …

mutual funds they manage. First, we find that fund managers' risk tolerance positively correlates with fund risk when … accounting for fund benchmark, fund category, and other controls. Second, we show that fund managers' ambiguity tolerance … abilities generate these returns at lower risk. …

to information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of …

information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of cognition …

an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of …-taking which does not reverse over the following days. When ambiguity is high, the effect of sentiment looms larger. Survey …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality, and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This likely contributes to the predictive power of the …