-)variance of power plant profits. If investors are risk-averse, these differ- ences lead to divergent investment portfolios …, breaking the equivalence of price- and quantity-based policy instruments under risk-neutrality. Using the European power sector … with increasing risk aversion. …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty … deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …

more risk averse, to having social status concerns, and to relying more often on formal and informal insurance. However …

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared … to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate … educational choice, which involves the comparison of risky future income paths and therefore depends on risk and time preferences …

This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and … representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which … child becomes older. These findings show that parenthood leads to considerable changes in individual risk attitudes over …