stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

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 …

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 …

The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain … framework for measuring price risk aversion through varying prices as opposed to varying payoffs, which has been common practice … function (DUF) and the IUF are dual to each other, implicitly suggesting that the degree of risk aversion (or risk seeking …

) depend not only on the level of (second-order) risk aversion but also on higher-order risk preferences such as prudence … (third-order risk aversion). We study empirically whether these theoretical results hold and whether prudent individuals show …-order risk preferences and various measures of observed real-world prevention behavior. We find that prudent individuals indeed …

The purpose of this paper is to provide a general proposition of the relationship between altruism and risk taking. As … generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an … altruistic person who is an active donor (benefactor) and the risk aversion of a beneficiary of an altruistic transfer. In both …