, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case … this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place … productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role in capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …

of capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a unique … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role for capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

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

sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …

We develop a method to estimate domain-specific risk. We apply the method to sickness insurance by fitting a utility … risk aversion increases with income. Second, marginal utility is higher in the sick state conditional on income, due to an … observed fixed cost of sickness. Third, the domain-specificity of risk shifts the focus on the smoothing of utility, not …