knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …. -- nominalism ; money illusion ; heuristic ; unpredictability ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; prominent …

The aim of financial institutions and regulators is to find an effective way to measure the risk profile of different … segments of investors. Both economists and psychologists developed several methodologies to elicit and assess individual risk … confirms some results known in the literature like the gender and age differences in risk-taking. Moreover, the behavioral …

We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a … picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and … those in Western countries, with poorer countries substantially more risk tolerant than rich countries on average. We …

This article estimates the coefficient of relative risk aversion for 75 countries using data on self-reports of … personal well-being from the 2006 Gallup World Poll. The analysis suggests that the coefficient of relative risk aversion …

In this paper we provide estimates of the coefficient of relative risk aversion for 80 countries using data on self … coefficient of relative risk aversion equals 1. We conclude that our result supports the use of the log utility function in …