We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a … picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and … those in Western countries, with poorer countries substantially more risk tolerant than rich countries on average. We …

We present results from the first large-scale international survey on risk preferences, conducted in 45 countries. We … show substantial cross-country differences in risk aversion, loss aversion and probability weighting. Moreover, risk …