generalized LRR model is as tractable but more flexible due to its separation of ambiguity aversion from both risk aversion and … variance premium puzzle besides the puzzles of the equity premium, the risk-free rate, and the return predictability …. Specifically, the model matches reasonably well key asset-pricing moments with risk aversion under 5. Model calibration shows that …

-choice tasks for elicitation of risk attitudes. First, I compare the investment task of Gneezy and Potters (1997) with the standard …

This research explores whether there are systematic cross-national differences in choice-inferred risk preferences … between Americans and Chinese. Study 1 found(a) that the Chinese were signi®cantly more risk seeking than the Americans, yet …(b) that both nationals predicted exactly the opposite Ð that the Americans wouldbe more risk seeking. Study 2 compared …

-choice tasks for elicitation of risk attitudes. First, I compare the investment task of Gneezy and Potters (1997) with the standard …

We show that the slope of the yield curve affects bank lending and economic activity through an "expected bank …-increases bank profits and loan supply. Intuitively, a higher term premium raises the expected returns from maturity transformation …-a core banking activity- thereby incentivizing bank lending. This effect is more pronounced for banks with higher leverage …