transmission goes from risk tolerance via investments to profits. This is quite robust as it applies for past investments as well …Entrepreneurs tend to be risk tolerant but is more risk tolerance always better? In a sample of about 2,100 small … businesses, we find an inverted U-shaped relation between risk tolerance and profitability. This relationship holds in a simple …

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky … of behavior. Using an average of seven risk elicitation methods reduces measurement noise and yields more predictive … power. A reduced set of risk items yields the same external validity as the average of all seven methods. Hence, our …

This study of 29 MBA students compares two models of risk perception for both financial and health risk stimuli. The … first, inspired by Luce and Weber's Conjoint Expected Risk (CER) model, uses five dimensions: probability of gain, loss and … better fit for most subjects and stimuli. Adding the psychological risk dimensions from the Slovic et al. model explained …

In this article, we describe a multistudy project designed to explain observed cross-national differences in risk …

three-months intervals for their willingness to take risk, three-months expectations of returns and risks for the market and … their own portfolio, and self-reported risk attitude. This unique dataset allowed us to analyze how these variables changed … over time, and whether changes in risk taking were related to changes in expectations and/or risk attitudes. Risk taking …