The paper considers the role that socio-psychological and socio-cultural factors play in individual decisions to take risk. The study employs four main measures of risk propensity: the mean probability of engaging in an investment, insurance or everyday gamble and the amount that would be...

This paper outlines a purely statistical approach for evaluating school performance within a district. Three performance criteria are detailed: absolute performance, relative performance and conditional performance. The criteria are applied to the Barbadian secondary school system. The study...