Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current … best price, an increase in price uncertainty encourages continued search when consumers are risk neutral. However, we prove …

and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

In this article, we describe a multistudy project designed to explain observed cross-national differences in risk …

Many decisions under risk involve alternatives with multiple and possibly non-financial attributes. In this paper, we … characterize risk apportionment preferences in a bivariate setting. We distinguish between desirable and undesirable attributes and …. Our results show how to unlock the powerful machinery of risk apportionment in the many situations in which decision …

consumers to significant risk and uncertainty. Survey data and experiments show that consumers are aware of the risk posed by … Produkt auf dem Markt minderwertig oder gefälscht ist. Konsumenten sind daher einem erheblichen Risiko und großer Unsicherheit …

ante the consumer has to balance attitudes to risk with underlying preferences. We study this problem in the context of … determine the utility gambles, and attitudes to risk evaluate these gambles, in order to choose an optimal consumption gamble …. We study how risk aversion interacts with preferences to determine the direction and size of comparative statics effects …

This paper suggests insurance represents a quid pro quo transaction across states of the world and is purchased to … insurance-purchasing gambler. The implications are that insurance is far more valuable than conventional theory suggests, and …

Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … quantity constraints on markets. I first show how the effect can be decomposed into a price risk effect and an endogenously … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using …