loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. …

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …

, sampling from a student population leads to lower estimates of average risk aversion and loss aversion parameters. Furthermore …