Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics … and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from … numerous angles, this comment aims to offer a critical perspective on the interactions between risk preferences (a latent trait …

This study provides formal theoretical evidence for nesting of probability measures that are generated by risk aversion … in probability measures that are generated by risk seeking preferences. In presence of highlighted nesting, conditional … on independent parameterization of expectations (probability distributions) that are conditioned on either of risk …

household member, but shy away from exposing others to risk. We model the situation, and we find four distinct types of …Individuals often have to decide to which degree of risk they want to expose others, or how much risk to accept if … their choice has an externality on third parties. One typical application is a household. We run an experiment in the German …

household member, but shy away from exposing others to risk. We model the situation, and we find four distinct types of …Individuals often have to decide to which degree of risk they want to expose others, or how much risk to accept if … their choice has an externality on third parties. One typical application is a household. We run an experiment in the German …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology … additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only …

financial planners can use to help clients overcome behavioral hurdles.• Risk assessment questions that measure loss aversion … for certainty has been observed in advanced age and older defined contribution investors exhibit equity-varying risk … aversion, so client risk preferences should be reassessed later in life.• Clients face declining cognitive abilities over time …

Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as … heterogeneity-consistently document the presence of MLA across all experimental conditions. Our findings substantiate the widespread …

This paper analyses the relation between individual migrations and the risk attitudes of other household members when … of risk attitudes among all household members, and that the risk diversification gain to other household members may … risk attitudes within the household affects whether a migration takes place and who will emigrate. …

. Specifically, this paper empirically tests if prospect theory's loss aversion decreases insurance demand and increases savings … demand. Prospect theory predicts that boundedly rational consumers may view pure protection insurance, such as term …This paper investigates how loss-aversion affects individuals' decisions on savings and insurance purchase …