We empirically explore the relevance of risk taking behavior in tournaments. We make use of data from the NBA season … 2007/2008 and measure risk taking by the fraction of three-point shots. Current heterogeneity of teams is taken into … account by intermediate results. It turns out that indeed teams who are behind increase the risk in terms of more three …

such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not … risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … that rule out risk aversion turn out to be the basis of a desire to insure. This calls into question the standard approach …

choice between risky and ambiguous Ellsberg urns, we let them choose between a safe option and a risky lottery, whose risk is …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … request more information. Moreover, we investigate whether the relation between attitudes towards risk and ambiguity is linked …