data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard …We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we …

group of players who either go for the risk dominant equilibrium or act in a boundedly rational manner. This heterogeneity …

The relationship between risk in the environment, risk aversion and inequality aversion is not well understood … with varying degrees of risk (“endowment risk”) influence individual behavior. We derive theoretical predictions for these … games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We …