Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature … has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable … risk, in which there is a positive correlation between the fitness of a newborn agent and the fitness of her parent …

We investigate the unique role and mechanisms of industry growth in firms’ risk-taking policies. We find that industry … growth is negatively associated with corporate risk-taking, consistent with the prospect theory that a high-growth industry … gives firms a superior external environment, which may cause them to refrain from corporate risk-taking as in the saying …

, risk seeking or neutrality is just as frequent as risk aversion. -- Risk attitudes ; cultural comparison ; economic growth …We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income …

from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human … and poor countries. The analysis suggests indeed that economic growth leads to better defenses but also more risk taking …