We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … prudence - are strongly related to adolescents' field behavior, including their financial decision making, eco …-friendly behavior, and health status, including addictive behavior. Most importantly, we show that dropping prudence and temperance from …

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … prudence - are strongly related to adolescents' field behavior, including their financial decision making, eco …-friendly behavior, and health status, including addictive behavior. Most importantly, we show that dropping prudence and temperance from …

characteristics loss aversion and prudence by using a combination of survey data and experimental measures of these preferences from a …

' comparative prudence under which a higher common level of risk aversion leads to lower aggregate effort in symmetric contests …

preferences: we find risk aversion, prudence and intemperance for gains, but risk loving preferences, imprudence and temperance …

' comparative prudence under which a higher common level of risk aversion leads to lower aggregate effort in symmetric contests …