An investor's choice between safe and risky assets has long been seen as a behavior toward risk: more risk … on how the attendant financial risk interacts with effort. We find that if the risk multiplies with effort, risk …-averse individuals work less, whereas under additive risk effort choice is little affected by risk preferences. Our findings complement …

Dominance and further toDecreasing Absolute and Increasing Relative Risk Aversion Stochastic Dominance. The efficient sets …