Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Risk and risk aversion are important concepts when modeling how to choose from or rank a set of random variables. This … chapter reviews and summarizes the definitions and related findings concerning risk aversion and risk in both a mean …

Measuring risk aversion is sensitive to assumptions about the wealth in subjects' utility functions. Data from the same … simultaneously with risk aversion. This paper first shows how wealth estimates can be identified assuming constant relative risk … relative risk aversion. An alternative explanation is that subjects do not fully integrate their wealth with income from the …

utility under a nonlinear expectation, and show monotonicity and continuity of utility. Risk aversion is characterized, and …

-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …

, particularly on how the response to a risk behaves in the presence of others. Corresponding risk measures were applied. …

with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …. (2002, 2005), show that HIV+ agents and participants that perceive to have a high HIV contraction risk are less risk … time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing … the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large …

One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent’s risk aversion unambiguously leads to higher incentives when the technology function linking … efficiency and riskiness is elastic, while the risk aversion–incentive relationship can be positive when this function is rigid. …

firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production …. We compare the optimal output levels of regret-averse firms with purely risk- averse firms under uncertainty and firms … under certainty. We first show that the linear-regret firms will surely produce more than their purely risk …