Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …

Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …

-to-implement procedure could be adequately used. For that purpose, the subjects' degree of risk aversion is compared across three payment … experimental design also allows us to investigate the impact of monetary incentives in the gain domain. The main result is twofold … choices significantly differ in the gain domain. Our results suggest that the use of monetary incentives may be more crucial …

attention. They nonetheless constituted an opportunity to introduce a sophisticated analysis of individual decision under risk …. Through various examples, Smith pointed out a risk-seeking attitude, figured out in the paper in terms of inverse stochastic … sensitivity to favorable and unfavorable events, expressed by a concave function, introduced in the Theory of Moral Sentiments …

this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting … interpretation, probability theory, statistics, management, finance, investment, insurance, etc. …

incentives like performance pay would be less effective in inducing effort in the nonprofit sector as nonprofit workers are ready … monetary incentives, we find a significantly higher sensitivity of effort in the for-profit sector using linear and ordered … the unobserved variables determining the sensitivity of effort to actual or hypothetical monetary incentives. Finally …

We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …, both mispricing and asset turnover are lower when the pool of traders is more risk-averse. …

Non-governmental organizations (NGOs) play a key role in creating incentives for firms to develop a Corporate Social …

different incentives, in particular strong monetary incentives ; i.e. that make miscalibration costly. Our main result is that a …