This paper characterizes the conditions for strong risk aversion and second-order stochastic dominance for cumulative … prospect theory. Strong risk aversion implies a convex weighting function for gains and a concave one for losses. It does not … the exact relationship between loss aversion and strong risk aversion, a natural index for the degree of loss aversion is …

individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …

with the typical findings suggesting that women are more risk averse than men, several studies have also shown negative … relationships between 2D:4D and risk taking although the evidence is not conclusive. Previous studies have also reported that both … men and women believe women are more risk averse than men. In the current study, we re-test the relationship between 2D:4D …

This study contributes to the public debate on gender quotas and the literature on gender and risk taking by analysing … how the level of risk taking within a group is influenced by its gender composition. In particular we look at the shift of … risk taking between group and individual decisions and analyse to which extent this shift depends on the gender composition …

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent … experimental evidence however shows that the income of peers has a systematic impact on observed degrees of risk aversion. In … their peers. The present paper is, to the best of our knowledge, the first systematic analysis of income inequality and risk …