the known negative effect of risk on payout policy. Ambiguity leads ambiguity-averse investors to overweight the …

This study examines whether disruptive life events affect how analysts assess risk. We exploit the staggered arrival of … location. The evidence suggests that analysts use the availability heuristic to assess risk. We observe the same effects in …

We study an observable risk-return tradeoff for which risk "preferences" are normatively prescribed by the desire to …, teams should get more risk-loving as they fall further behind, matching prospect theory preferences. When leading, risk … aversion should increase with the lead, running counter to typical risk preferences. We find strong evidence that players trade …

In this work we asked if risk attitudes influence the way agents learn in a probabilistic environment. For that purpose … that after controlling for cognitive abilities (i.e. Raven's test), risk seekers in gains preferred to explore in this …

This study examines risk premia in a laboratory market featuring a long-lived asset. The research is enabled by …, statistically significant risk premia are reported, in support of standard asset pricing models. Potential determinants of the risk … premia are investigated. These risk premia are not sensitive to expected variance, but do vary positively with the magnitude …

The Holt-Laury measure for risk aversion has been used extensively in economic studies to measure individuals' risk … aversion. The idea behind this measure is that individuals have stable risk preferences when making decisions under risk. We … show that having repeated experiences with the Holt-Laury task can move individuals from exhibiting “risk aversion” to …

probabilistic model uncertainty. In particular, I prove the existence of a three-fold tradeoff between returns, risk, and ambiguity … supported by the incomplete diversifiability of ambiguity and the existence of a tradeoff between risk and ambiguity. The …