experiment in which they had to perform a task over fifteen stages grouped in three blocks or levels. In order to continue … through the experiment, a minimum level of success was required at the end of each level. Rewards were dependent on the final …, participants in the loss framing group choose to go further in the experiment. There was also a significant and interesting gender …

before purchase. Using historical and ethnographic data covering half a century, we review the growth of the art investment … alongside practical knowledge about how best to structure investment ventures. Investment venture success has been determined by … distinction between legitimate investments that can be valued and investment venture profitability …

' perceived ambiguity have the opposite effect, and lead to less risk-sharing. Entrepreneurs from capital-scarce countries finance … ambiguity, that is, when investors only perceive risk. New facts uncovered from cross-country firm-level data are consistent …

improve. Furthermore, investors with high human capital and high exposure to macroeconomic risk tilt their portfolios away … consistent with the portfolio implications of risk-based theories of the value premium …