This study examines risk premia in a laboratory market featuring a long-lived asset. The research is enabled by …, statistically significant risk premia are reported, in support of standard asset pricing models. Potential determinants of the risk … premia are investigated. These risk premia are not sensitive to expected variance, but do vary positively with the magnitude …

not embed any conceptual contradictions, because consistent with stylized theory - dichotomy of risk premium functions … marginal utility for wealth necessarily is facilitated by a risk premium function that only robustly is parameterized with … reference to `relative safety', as opposed to `relative riskiness' of assets, a risk premium function that then explicitly is …

Prices and investors' behavior are heavily influenced by risk aversion. As it is unobservable, estimating risk aversion … and Long-Short Term Memory) to estimate the time-varying risk aversion. I show that credit spread, dividend yield, next …-period recession probability, and expectation of inflation change are the most influential variables for estimating risk aversion. The …

bubbles. We consider a setting where participants sorted according to their degree of risk aversion trade in experimental … asset markets. We show that risk sorting is able to explain bubbles partially: Markets with the most risk-tolerant traders … exhibit larger bubbles than markets with the most risk averse traders. In our study risk aversion does not correlate with …

under the expected utility theory (EUT) are somewhat subject to context. Other findings imply that the risk premium (RP), as …The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain … introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUFs as a suitable …