Analysis of cross-sectional data on tourism to Israel during the Intifada period reveals some of the factors driving the behaviour of tourists from different countries. A large part of the heterogeneity in the observed response of different nationalities can be explained by socio-economic...

Prior research establishes that boards of directors can encourage risk-averse managers to take risky actions by providing stock options and severance pay. We demonstrate that the ability of these incentives to encourage risk-taking hinges on the level of uncertainty facing the manager, and that...

The paper examines in the laboratory how risk-taking situations are affected by the conditions of observing other's choices (observer) and being observed by others (source). By extending Yechiam et al.'s (2008) experimental design to the domain of gains we find that observers are more probable...