, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case … this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place … productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … capacity, assuming a relative risk aversion degree larger than unity. Furthermore, we solve for attention choice and find that …

of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests …

first-order approximated solution built by perturbation methods accounts for risk. We show that risk matters economically in … a real business cycle (RBC) model with habit formation and capital adjustment costs and that neglecting risk leads to …

This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk …. Results from the ESP model show that farmers who purchased WICI are less likely to be risk-averse compared with non …-purchaser farmers. Similarly, non-purchasers would have attained a significant reduction in their risk-aversion if they had taken up the …

correlated with giving in the absence of risk. We find limited support for existing models of ex-post and ex-ante fairness. Our … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … not exposed to risk while beneficiaries’ final earnings may be larger or smaller than the allocation itself, depending on …

revealed). Using a lifecycle model with risk about the duration of life and risk about old-age dependence, it is shown that the …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

We apply the basic lessons and insights learned in the elicitation and estimation of risk and time preferences … jointly elicit risk preferences and preferences for altruism. Consistent with theory, we find that the standard simplifying … assumptions about risk preferences lead to significantly biased estimates of altruism. This is particularly problematic when …