-by-minute trading observations from over 864,000 price realizations in a natural field experiment, we find data patterns consonant with …

bias inferences regarding program impacts. Our incentivized experiment reveals how such selection influences estimated …

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of …

traditional risk statistics. Aggregate research interest is highly correlated with stock size, and salient news and earnings …

We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the … 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially … response (fear) triggered by a scary experience. To show the plausibility of this conjecture, we conduct a lab experiment. We …

This paper defines risk-on risk-off (RORO), an elusive terminology in pervasive use, as the variation in global … investor risk aversion. Our high-frequency RORO index captures time-varying investor risk appetite across multiple dimensions …: advanced economy credit risk, equity market volatility, funding conditions, and currency dynamics. The index exhibits risk …

observed allocations. We use this quasi-experiment to estimate a life cycle model and find a relative risk aversion of 2, EIS …We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options …

. Players risk substantial losses from overplaying their hand but can secure significant gains if their opponent concedes. Since … to more or less bluffing and varying aggression compared to Perfect Bayesian Equilibrium. Our experiment varies game …

In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold … pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on … the magnitude and sign of the relative risk premium, holding fixed both the probability that a lottery pays off and the …