A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …

We develop a method to estimate domain-specific risk. We apply the method to sickness insurance by fitting a utility … risk aversion increases with income. Second, marginal utility is higher in the sick state conditional on income, due to an … observed fixed cost of sickness. Third, the domain-specificity of risk shifts the focus on the smoothing of utility, not …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …

located at the bottom of the income distribution, where risk aversion cannot play any role. …

We here investigate the role of risk aversion in COVID-19 vaccine hesitancy. The theoretical effect is ambiguous, as … European countries, we find that vaccine hesitancy falls with risk aversion, so that COVID-19 infection is perceived as … involving greater risk than is vaccination. …

This paper aims to provide the first evidence concerning the relationship between time and risk preferences and illegal … urban Senegal, we evaluate a measure of time and risk preferences through the individual's intertemporal discount rate and … coefficient of absolute risk aversion. Remarkably, our results show that these individual preferences matter in the willingness to …

-occupancy propensities is driven by risk aversion, as it is assumed in most of the theoretical models, or on the contrary it is driven by … driven by households? risk aversion, while credit constraints play no role. …