The coronavirus disease (COVID-19) represents a large increase in background risk for individuals. Like the COVID-19 pandemic, extreme events (e.g. financial downturns, natural disasters, war and conflict) have been shown to change attitudes towards risk. Using a risk apportionment approach, we...

Using a field experiment eliciting the risk preferences of 490 9th and 11th grade students from a variety of school environments, we examine various factors influencing the development of these risk preferences. In addition to factors previously considered by economists (gender, ethnicity,...