Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature … has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable … risk, in which there is a positive correlation between the fitness of a newborn agent and the fitness of her parent …

-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …

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 …

-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …

basic questions within that model. We review the empirical literature through the lens of the theory, using the theory to …

This study analyzes the relationship of individual risk attitudes and occupational sorting with respect to occupational … earnings risk. By using the German Mikrozensus, a precise measure for earnings risk is computed as the occupation-wide standard … deviation of wages. Following the procedure proposed by Bonin (2007), this earnings risk measure is used as dependent variable …

-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical … predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the … whether experiencing financial and health-related damage caused by storms affects risk preference of individuals in Germany …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …