theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is … associated with higher savings for loss-averse individuals, and that this increase in savings grows with the degree of loss …

personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We … children from families with higher SES are more patient, tend to be more altruistic and less likely to be risk seeking, and …

personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We … children from families with higher SES are more patient, tend to be more altruistic and less likely to be risk seeking, and …

theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

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 dynamic wealth or asset thresholds, where they exist. Ignoring this dynamic risk …

We estimate individual risk attitudes using controlled experiments in the field in Denmark. These risk preferences are … representative sample of 253 people between 19 and 75 years of age. Risk attitudes are estimated for various individuals … differentiated by socio-demographic characteristics such as income and age. Our results indicate that the average Dane is risk averse …

behavior, by attributing this heterogeneity to preference parameters in the underlying theory of risk attitudes instead of an … additive error term that is external to the theory. However, most empirical studies in structural estimation of risk attitudes …