The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the … experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …

This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are …

utility function. We then fit the experimental choices to this model to assess the risk attitude of our subjects. Despite the … substantial heterogeneity across subjects, decreasing absolute risk aversion and increasing relative risk aversion are the most … prevalent risk types, and we can classify more than 50% of the subjects in this combined category. We also find evidence of …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … representative sample of 450 subjects, and find that the general risk question is a good predictor of actual risk-taking behavior. We … then use a more standard lottery question to measure risk preferences in our sample of 22,000, and find similar results …

This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to … inferred from decisions regarding hypothetical choice problems, we had participants put their own money at risk in a real … period under delayed resolution (which involved two days). Affective traits and risk attitudes were measured through a web …

This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions … factors, such as the number of (direct) neighbors, local clustering and individuals' risk attitudes. …

From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice … problem involves the presence of a 'global risk', that is, a chance of losing everything whichever safe or risky option is … variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …

We analyse bidding behaviour in auctions when risk-averse buyers bid for a good whose value is risky. We show that when … risk in the valuations increases, DARA bidders will reduce their bids by more than the appropriate increase in the risk … marginal utility of income increases with risk, so buyers are reluctant to bid so highly. We also show that precautionary …