This paper studies a partial-contracting model where an agent may provide effort to increase a project's scope before … exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …

Gneezy et al. (2012) uses attribution theory from the psychology literature to argue that when the object of … with the observability of ethnicity, and the exposure to situations where there is a risk of discrimination, to produce a … Strait Islanders Social Survey (NATSISS) is presented that is consistent with the predictions of this theory …

This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …

The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …

stochastic production process in energy use. Special attention is given to the factors that increase the risk or variation of … more to the increase in the mean energy demand than to the reduction in the level of risk. It is recommended that …

This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic … suffered damage, along with higher exit rates. The persistence of the effects is consistent with an upward revision of flood-risk … beliefs triggered by the hurricane. These findings suggest that businesses are adapting to the higher flood-risk environment …

extraterrestrial civilization that we may encounter will be an AGI, and such an AGI will pose an existential risk. Two arguments are …

. Using data from Indonesia, we then test these theoretical conjectures. Our identification strategy relies on a 1997 …