We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in … which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of … models of risk preferences — including both expected utility (EU) theory and non-EU models — that have been estimated using …

the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …