We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of … intensification is strong enough, then the individual becomes less risk averse: the individual's desire to advance further in the …

economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …

This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes … truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of … loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large …

hiring discrimination by more risk-averse employers is consistent with taste-based and statistical discrimination. To test …We investigate risk aversion as a driver of labour market discrimination against homosexual men. We show that more … this hypothesis we conduct a scenario experiment in which experimental employers make a hiring decision concerning a …

her information. Having presented our formal analysis, we test these results using data from laboratory experiments. The …

There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking … equating these to risk aversion measures defined in a mean-variance framework. This paper shows that while the legitimacy of … the mean-variance approach may hold under general conditions the additional assumptions invoked when estimating the risk …

punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …