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

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece … rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task …

We estimate the effect of parental separation on the risk and trust attitudes of German adolescents using a large … adolescents from separated families are less trusting but have the same risk tolerance as adolescents from non-separated families …. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …