Depression affects the way that people process information and make decisions, including those involving risk and … preference measures and a theoretical framework that accounts for the multiple pathways through which depression affects risk …-taking. We find no disparity in the behavioral risk preferences of the mentally well vs. depressed; yet depression is related to …

Depression affects the way that people process information and make decisions, including those involving risk and … preference measures and a theoretical framework that accounts for the multiple pathways through which depression affects risk …-taking.We find no disparity in the behavioral risk preferences of the mentally well vs. depressed; yet depression is related to …

In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness … research, depression is conceptualized as a drastic loss of utility and value of life (life satisfaction) for unchanged … fundamentals. The model is used to explain how untreated depression leads to unhealthy behavior and adverse health outcomes …

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically …, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we … then test allowing for this heterogeneity. There is substantial, statistically significant heterogeneity in estimated risk …

Depression affects the way that people process information and make decisions, including those involving risk and … preference measures and a theoretical framework that accounts for the multiple pathways through which depression affects risk …-taking. We find no disparity in the behavioral risk preferences of the mentally well vs. depressed; yet depression is related to …

Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we … empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We … individual risk aversion. The finding is robust to a series of sensitivity analyses. …

Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we … empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We … individual risk aversion. The finding is robust to a series of sensitivity analyses. …

We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices. …

We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices …

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 …