This paper reviews the recent, but fast-growing experimental literature on higher order risk
attitudes. After introducing the theoretical context, we first review the basic evidence and …

This article surveys the use of nonparametric permutation tests for analyzing experimental
data. The permutation approach, which involves randomizing or permuting features of the …

We investigate univariate and multivariate risk preferences for health (longevity) and wealth.
We measure attitudes toward correlation and attitudes toward higher order dependence …

This study measures higher order risk preferences and their consistency. We explore the
role of country differences, the variation of stakes, and the framing of lotteries. We observe a …

Economists have begun to recognize the role that higher order risk preferences play in a
variety of settings. As such, several experiments have documented the degree of prudence …

Higher-order risk preferences are important determinants of economic behavior. We apply
insights from behavioral economics: we measure higher-order risk preferences for pure …

In this paper, we analyse higher-order risky choices by the representative cumulative
prospect theory (CPT) decision maker from three alternative reference points. These are the …

We characterize the individual's attitude towards risk, prudence and temperance in the gain
and loss domains. We analyze the links between the three features of preferences for a …

This study experimentally evaluates the risk preferences of children and adolescents living
in an urban Chinese environment. We use a simple binary choice task that tests risk …

An important societal problem is that people underinsure against risks that are unlikely or
occur in the far future, such as natural disasters and long-term care needs. One explanation …