, particularly on how the response to a risk behaves in the presence of others. Corresponding risk measures were applied. …

Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics … and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from … numerous angles, this comment aims to offer a critical perspective on the interactions between risk preferences (a latent trait …

of the bears and the purchases of the bulls are balanced." We propose a descriptive theory of finance explicating Keynes … pessimism, defined as the composition of the investor's preferences for risk and her preferences for ambiguity. Bulls and bears …

consequences of infringement are dire, risk-averse intellectual property users often seek a license when none is needed. Yet … areas into what used to be virgin territory -- where risk aversion again creates licensing markets, which causes further …

negotiations and revisits the selection hypothesis in the case where these legal expenditures are private information. This … negotiations select cases with the smallest legal expenditures as those going to trial, while cases with largest costs prefer to …

We investigate how stable individuals’ risk attitudes are with respect to changes in cognitive load. In a laboratory … working-memory task significantly increases their risk aversion. Subjects made significantly faster choices under load …

ranging from ants to human subjects, including risk-sensitive foraging, risk aversion, loss aversion, probability matching …

Expected utility theory (EUT) is a parsimonious theory that explains behavior under risk and uncertainty. Previous … research showed that EUT of wealth is not a satisfactory explanation of risk aversion. We use empirical data from a controlled … laboratory experiment to show that EUT of income cannot explain risk aversion either. The experimental data suggests that the …