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when confronted with decisions involving risk. These differences in risk preferences, when combined with gender differences … financial markets. Recent evidence has challenged this consensus, however, finding gender differences in risk attitudes to be …
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prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
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subjects were more risk averse in the buying experiment than in the selling experiment, suggesting the endowment effect. In the … selling experiment, subjects were risk loving when there was a low win probability and risk averse with a high win probability …, whereas they were risk averse in the buying experiment. Using the prize money won during the experiment as a measure of wealth …
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whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the …
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whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the …
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Economics and management science share the tradition of ordering risk aversion by ï¬tting the best expected utility (EU) model with a certain utility function to individual data, and then using the utility curvature for each individual as the sole index of risk attitude. (Cumulative) Prospect...
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