of the paper is on the implications of this model of Optimal Anticipation for attitudes toward risk in dynamic … enough to permit first-order risk aversion and can overcome several deficits of standard expected utility, such as the equity …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … others are more risky. Using structural estimation, we show that this increase in risk stems from a decrease in loss aversion …

found to stimulate risk taking in expected utility models under certain assumptions about attitudes towards risk but would … consumption in most cases which encourages risk taking, although the final outcome would depend on the investors’ degree of risk …

We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an … incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a … second with group choice after communication. Our benchmark treatments replicate findings that groups take more risk than …

Using an experiment with incentivized decisions of groups in the economics laboratory, I investigate the effect of … group diversity on group risk taking. I measure econometrically the effects of various aspects of subjects' diversity … significantly higher risk taking by groups as compared to individuals. Furthermore, the only dimension of diversity with an effect …

risk preferences cannot account for our results. However, bidding behavior is consistent with the predictions of a model …