-varying volatility are preferred to the long-run risk model. We analyze asset pricing implications of the estimated models …

relative risk aversion for detecting the risk behavior of investors under all conditions, a new tool, that is, the sufficiency … factor of the model was developed to analyze the risk behavior of investors. The calculations of this newly tested model show … that the value of the coefficient of relative risk aversion is 1.033526 by assuming the value of the subjective time …

attractive attracted under risk conditions. …

We examine the portfolio-choice puzzle posed by Canner, Mankiw, and Weil (1997). The idea is to test a conclusion … reached by Elton and Gruber (2000), stating that a bonds/stocks ratio which decreases in relation to risk tolerance does not … decrease in relation to risk tolerance. We also verify the existence of the two-fund separation theorem in the assets data …

. Using a unique 'information' experiment embedded in a survey, this paper investigates how consumers' inflation expectations …

paper investigates how consumers form and update their inflation expectations using a unique "information" experiment …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …

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 …

experiment. A control group is presented with the headline point estimate of GDP, as emphasized by the statistical office …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …