Colombia

Income Risk, Precautionary Saving, and Loss Aversion – An Empirical Test
Loss aversion is typically associated with poor financial decisions. In contrast, loss-aversion based precautionary saving theories …
Marcela Ibanez, Sebastian O. Schneider
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Measuring Utility – An Application to Higher Order Risk
We present the first experimental method to non-parametrically elicit utility functions and associated measures of (higher order) risk …
Sebastian O. Schneider, Marcela Ibanez, Gerhard Riener
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