We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

In "new" new international trade theory, whether firms export or not are determined by their productivity. These models … an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

where we use other athletes' declarations as instruments for individual risk taking. We find that women use risky strategies … risky strategies do not differ between relatively low and relatively high risk situations, whereas male athletes' returns … decrease in the level of risk. Our results show considerable differences between male and female professional athletes which …

We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources …

Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey … self-reported risk preferences. Tolerance to risk drops by 0.5 SD across all groups from late adolescence to age 40. From … mid to old age, risk tolerance continues to drop for the most disadvantaged, while it stabilizes for all other groups. By …

personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We … children from families with higher SES are more patient, tend to be more altruistic and less likely to be risk seeking, and …