In the context of decentralized portfolio optimization, understanding how to distribute a fixed budget among decentralized intermediaries is a relevant investment problem, that has been recently introduced in the mathematical economics literature. While existing contributions focus on incentive...

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...

The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the...