Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical … models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental … managers invest significantly less for others than for themselves (cautious shift) which is mainly driven by a less risk averse …

Decisions -- The Influence of Hormones on Financial Risk Taking -- Sleep, Coffee, and Investing -- How Wellness Influences …

In this paper, we test the realization effect, i.e., that risk-taking increases after a paper loss, whereas risk … records, we find that risk-taking after paper losses increases during a visit and that this effect is more pronounced for … larger losses. Conversely, risk-taking across multiple visits is not altered if the realized losses are comparatively small …