We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA … their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …

We investigate risk aversion as a driver of labour market discrimination against homosexual men. We show that more … hiring discrimination by more risk-averse employers is consistent with taste-based and statistical discrimination. To test … heterosexual or homosexual job candidate. In addition, participants are surveyed on their risk aversion and other characteristics …

with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …. (2002, 2005), show that HIV+ agents and participants that perceive to have a high HIV contraction risk are less risk … time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

common knowledge, except that bidders have private degrees of aversion to downside-risk. In this model, the optimal FPA … risk or risk aversion generally leads to lower equilibrium bids. …

Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this … topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a … reflection effect not only for second order risk preferences, as in Kahneman and Tversky 1979, but also for higher order risk …

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that … different aversions to risk and intertemporal fluctuations, convex damages, uncertainties in economic growth, atmospheric carbon …-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …

Based on a simple prior, this note derives upper bounds for the coefficient of absolute & relative risk aversion if …