-order risk preferences. In order to assess whether risk preferences differ for decisions over gains and losses the experiment was …This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk … preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters …

In this paper we examine how risk attitudes change with age. We present participants from age 5 to 64 with choices … probability of the non-zero payoff. Surprisingly, we find that many participants are risk seeking when faced with high …-probability prospects over gains and risk averse when faced with small-probability prospects. Over losses we find the exact opposite …

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …

risk through investment in equipment or production of other crops on the property. …

the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …

. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …

-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …

The objective of this study is to investigate how professional traders in futures and optionsmarkets behave under risk … risk aversionparameters and the degree of probability weighting can lead to distinct behavior even if theshapes of utility … and weighting functions are the same. Further, the typical pattern of prospecttheory is more prevalent under risk but not …