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 …

alcohol consumption on risk preferences, time perception and altruism. Our design allows disentangling the pharmacological … any effect of alcohol in depleting subjects' risk tolerance. On the contrary, we find that alcohol intoxication increases …

In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self … relationship between self-control and both risk and social preferences. To exogenously vary the level of self-control, we use a … well-established experimental manipulation. We find that low self-control causes less risk-averse behavior. The effect of …

communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …