In this study we measure higher-order risk preferences and their consistency. We explore the role of country …

This paper examines how risk behavior in the limelight differs from that in anonymity. In two separate experiments we … find that subjects are more risk averse in the limelight. However, risky choices are similarly path dependent in the … effect on risk taking, and that reference points are determined by imperfectly updated expectations …

independent RIS (I-RIS), to improve its reliability. We conducted an experiment to evaluate the performances of the standard RIS …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …

the experiment are for real. The most common type pays every subject one out of her multiple tasks (within …. The present study investigates RISs in a more complex, dynamic choice experiment. We find that between …-subjects randomization reduces risk aversion. While within-subjects randomization delivers unbiased measurements of risk aversion, it does …

endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …

A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which … helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high … problems by priming financial professionals with either a boom or a bust scenario and by subsequently measuring their risk …

explain the paradox. We find that even in situations where subjects are risk-seeking, and zeroing-out small probabilities … supports risk-taking, the St. Petersburg paradox exists. This indicates that the paradox cannot be resolved by the arguments …