level of ambiguity in a particular decision context and then tailor their decision-making process to reduce risk …

those investors may be willing to pay. A model is developed based on the principal-agent framework, which focuses on a risk … entrepreneur's abilities. The model shows that when the ability of entrepreneurs is common knowledge, they choose to involve risk …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

employment status and entry. Prior Work: The low risk aversion of those who are self employed is well established in theory and … entrepreneurship is linked to personality traits with new evidence on the link between risk and time preference and self employment …Objectives: This study seeks to estimate whether individuals' risk and time preferences are predictive of self …