Individuals' risk preferences are estimated and employed in a variety of settings, notably including choices in …' coefficients of relative risk aversion (CRRA's) in excess of one, and often significantly higher. However, it can be shown that …) anomaly involving individuals' risk-taking behavior in different market settings. …

evidence on standardization is limited. We examine a natural experiment: the standardization of health insurance plans on the …

We develop a revealed preference test for optimal acquisition of costly information. The test encompasses models of …

implications of risky behaviors by youths. I begin by reviewing perspectives on youth risk-taking from traditional rational … risk-taking by youths, and how this compares to adults. I review the evidence on youth risk taking from the studies in this … risk taking by youths, (b) despite this, these factors are not very successful in predicting the dramatic time series …

respondents assessed their risks as being below average, with one-third assessing them as average. Individuals from high-risk …-fifths of our respondents favor government relief for disaster victims, but only one-third do for victims in high-risk areas …. Individuals who perceive themselves at higher risk are more supportive of government assistance. …