We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices …

We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk …, we provide causal evidence that teaching financial literacy has significant short-term and longer-term effects on risk … subjects more patient, less present-biased, and slightly more risk-averse. Our finding that the intervention changes economic …

tests. In particular, expected returns can appear to decline in risk when investors weakly transmit their payoff … transmission of beliefs to actions, which generates a negative risk-return relation. We argue that the weak transmission is due to … cognitive noise and demonstrate that cognitive noise causally affects the risk-return relation. Our results highlight the …

infrastructure worthless prior to the end of their economic life time. Therefore, some energy-sector assets are at risk of becoming … stranded. This paper investigates whether and how investors price in this risk of asset stranding. We exploit the gradual … valuation of energy utilities. We find that investors take stranded asset risk into consideration, but that they also expect a …

experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a … was played more than three years after the first lottery. So, small-scale, random, events affect the formation of risk …

low display more tolerance towards risk in a subsequent incentivized lottery task. This effect is mainly driven by … individuals who more firmly believe that life outcomes are beyond their control. This interaction between risk preferences and …

Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human … combine PISA tests with the Global Preference Survey. We find that opposing effects of patience (positive) and risk …

of our study was to examine whether and how deep parameters such as time and risk preferences affect the intention to …-earthquake control) on the effect of natural disasters on time and risk preferences. We find unambiguous effects towards more risk …

the decision-maker’s understanding of the risk. The strategy does not distort choice in the limit as perception frictions … complexity of the decision problem, then risk attitudes reflect properties of the perception strategy even for vanishing … perception frictions. The model explains adaptive risk attitudes and probability weighting as in prospect theory and …