Empirical research has shown that people tend to overweight small probabilities and underweight large probabilities when valuing risky prospects, but little is known about factors influencing the shape of the probability weighting curve. Based on a laboratory experiment with monetary incentives,...

Abstract Empirical research has shown that people tend to overweight small probabilities and underweight large probabilities when valuing risky prospects, but little is known about factors influencing the shape of the probability weighting curve. Based on a laboratory experiment with monetary...

Purpose – This paper seeks to show optimal strategies for firms to cope with analysis and management of risks. Design/methodology/approach – Empirical and experimental studies on gender differences in risk analysis and risk management are reported and assessed. Findings – Women appear less...