Estimating risk preferences is tricky because controlling for confounding factors is difficult. Omitting or imperfectly controlling for these factors can attribute too much observable behavior to risk aversion and bias estimated preferences. Agents often modify risky decisions in response to...

There has been considerable opposition to the 2002 Winter Olympics, to be held in the Salt Lake City metro area. This opposition stems primarily from fears of increased population growth due to the international attention. Proponents maintain that the Games will enhance the quality and quantity...

Estimating risk preferences is tricky because controlling for confounding factors is difficult. Omitting or imperfectly controlling for these factors can attribute too much observable behaviour to risk aversion and bias estimated preferences. Agents often modify risky decisions in response to...