candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …

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 …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …

This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …

stereotype of risk averse and less competitive older employees. …

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 …-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …

households and lower investment by firms, and hence leads to lower aggregate investment and growth. This paper argues that … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …