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 …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or … private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats … presidencies. In the data, Democratic voters are more risk- averse and risk aversion declines during Democratic presidencies …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or … private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats … presidencies. In the data, Democratic voters are more risk-averse and risk aversion declines during Democratic presidencies. Public …

We develop a model of political cycles driven by time-varying risk aversion. Heterogeneous agents make two choices … risk aversion is high, agents are more likely to elect the party promising more fiscal redistribution. The model predicts …