Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … quantity constraints on markets. I first show how the effect can be decomposed into a price risk effect and an endogenously … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using …

of quantity constraints on product markets for the consumer's aversion towards income risk. I show that the effect can be … decomposed in a cardinal and ordinal term, that both terms may add up to a non-linear effect on the coefficient of relative risk … aversion, and that a severely rationed consumer may even become less risk averse then when unconstrained …

In this article, we describe a multistudy project designed to explain observed cross-national differences in risk …

Virtually all current theories of choice under risk or uncertainty are cognitive and consequentialist. They assume that … perspective, the risk-as-feelings hypothesis, that highlights the role of affect experienced at the moment of decision making … risky situations often drive behavior. The risk-as-feelings hypothesis is shown to explain a wide range of phenomena that …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

. Should he exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to … presented in Jewitt (1989). We first extend the standard models of self-insurance and self-protection, and show that the …

plans. We obtain explicit solutions in a stationary setting in which the financial market has different risk premia for …