decision task that distinguishes between models assuming complete preferences and relaxing CI and models of incomplete … intransitive indifference under risk and certainty. We also show that the observed behavior is robust to a prize variation in the …

the diverse aspects and causes of this trajectory, the paper covers new ground in the history of both decision theory and … and 1985 within the framework provided by expected utility theory (EUT). It is shown that this history displays a definite …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …

theory model of risk preferences, we show that loss aversion can explain both of these behavioral phenomena. Using the …Strictly proper scoring rules are designed to truthfully elicit subjective probabilistic beliefs from risk neutral … agents. Previous experimental studies have identified two problems with this method: (i) risk aversion causes agents to bias …

order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion …. If an investor is risk averse, stochastic dominance relations can be combined with revealed preference relations to … revealed preferred and worse sets. Using a variant of Yaari‘s (1969) definition of “more risk averse than”, it is shown that it …

factor that determines choice is a decision maker s coefficient of risk aversion … economic decision making under uncertainty. This impact is indirect since differences in personality characteristics lead … decision makers to seek different types of information which alters the decisions they make. We also show that when information …