-by-minute trading observations from over 864,000 price realizations in a natural field experiment, we find data patterns consonant with …

We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the … 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially … response (fear) triggered by a scary experience. To show the plausibility of this conjecture, we conduct a lab experiment. We …

-in-the-field experiment to study information sharing through mobile phone messages. Subjects are rural households in Mozambique who have …

We develop a revealed preference test for optimal acquisition of costly information. The test encompasses models of …

important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of "learning …

Information frictions play an important role in many theories of expectation formation. We use a survey experiment to …

an international investor with constant expenditure shares [alpha, sub j] and constant relative risk aversion [1-gamma … inflation and risk aversion. It is shown that the minimum variance portfolio is independent of returns, but depends on … expenditure patterns. While the speculative portfolio depends on risk aversion and real return differentials. When the effect of …

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the … as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of …

-range probability than is proposed by the expected utility model and risk-seeking behavior over quot;long-shotquot; odds is common …