Often we confront risks: opportunities where we have some probability of gaining or losing something and have to decide whether or not to accept the opportunity. The simplest risks are financial. For ...

Risk aversion is a fundamental trait shaping how individuals, firms and policymakers respond to uncertain outcomes. It encapsulates the preference for certain outcomes over gambles with equivalent ...

This is a preview. Log in through your library . Abstract The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone ...

Science is built on the boldly curious exploration of the natural world. Astounding leaps of imagination and insight — coupled with a laser like focus on empiricism and experimentation — have brought ...

When it comes to investing money, some people are willing to take on more risk than others. For example, investors who are older and closer to retirement may want to safeguard their money by moving ...

We estimate the risk attitudes of a large sample of individuals from various fishing communities along the west coast of South Africa. Female fishers and rights holders are found to be more risk ...

In the first part of this series, we introduced the three risk profiles we work with on a daily basis. Before we can even begin to suggest funding options for you, we conduct an extensive vetting ...