Countercyclical risk aversion can explain major puzzles such as the high volatility of asset
prices. Evidence for its existence is, however, scarce because of the host of factors that …

This paper reconsiders the wide agreement that females are more risk averse than males.
We survey the existing experimental literature, finding that significance and magnitude of …

We conduct a large-scale economics experiment paired with a survey to examine the
association between individual risk preference and health-related behaviors among adults …

This paper reports on an empirical comparison of two prominent measures of individual risk
attitudes–the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire …

In developing countries, people think, not from their brains but stomach. Because of
unemployment and destabilization of economy the only sure source of job satisfaction is pay …

Whereas attitudes toward risk play an important role in many decisions over the life course,
factors that affect those attitudes are not fully understood. Using longitudinal survey data …

Measuring risk preferences using monetary incentives is costly. In the field, it might be also
unfair and unsafe. The commonly used measure of Holt and Laury (2002) relies on a dozen …

I study the effect of chief executive officer (CEO) optimism on CEO compensation. Using data
on compensation in US firms, I provide evidence that CEOs whose option exercise behavior …

Abstract We show that West German workers with an internal locus of control sort into jobs
with performance appraisals. Appraisals provide workers who believe they control their …

We implement a risk experiment that allows for judgment errors to investigate who makes
mistakes and whether it matters. The experiments are conducted with a random sample of …