risk. Furthermore, we determine whether subjects are averse to collective risk - the variability in the sum of payoffs of … the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that … risk changes choice only marginally and not significantly, though in the direction of collective risk reduction. We …

salience of regret as a decision motive. -- regret theory ; outcome feedback ; natural lottery ; external validity … gamble. The properties of this gamble are likely to engage decision-makers to a greater extent than conventional abstract …

are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …

Prospect Theory (PT) and Constant Relative Risk Aversion (CRRA) have clear-cut implications for the optimal asset … allocation between stocks and the risk-free asset as a function of the investment horizon. While CRRA preferences imply that the …

for measuring the depth of thinking. In this paper, we find that choices in the 11-20 game are confounded with risk … aversion; hence, the depth of thinking measured is confounded with risk aversion. We also theoretically show that risk aversion … are not correlated with risk aversion …

second source of noise is present because of payoff risk, which reduces the correlation between expected and realized payoffs …. We manipulate payoff risk using a 2x2 design: payoffs from contest investments are either risky (as in standard contests … safe (as in standard contests) or risky. We find that Nash equilibrium rates go up to 100% when payoff risk is not present …

This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts …, from a management perspective it is important to know the risk assessment competencies of these professionals and to know … how these could be biased. Or research focuses on the competencies of these risk management professionals and how they …