of years spent in retirement" are characterized by constant or decreasing absolute risk aversion. A similar result …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

risk and uncertainty and outlines boundary conditions for this positive effect of uncertainty that have direct practical …

risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing … the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large …

Risk aversion is traditionally defined in the context of lotteries over monetary payoffs. This paper extends the notion … of risk aversion to a more general setup where outcomes (consequences) may not be measurable in monetary terms and people … risk aversion within neoclassical expected utility theory, a constant error/tremble model and a strong utility model of …

Conventional wisdom suggests that optimism should be positively associated with risk taking. However, this has hardly … been directly tested in the laboratory. In this paper, we report an experiment regarding risk perception and risk taking … between optimism and risk taking are (a) pure chance and (b) imprecise probabilities. Our findings bring forth some …