Depression, Risk Preferences and Risk-taking Behavior

Depression and HIV risk taking.

Impact of Financial Characteristics on Future Corporate Risk-Taking Behavior

Organizational risk is often defined as a change in the flow of profit, or as a sys-tematic or non-systematic changes in the stock return flow. The risk taking of management is conceptualized as the actual investment decisions that are indictors due to uncertainty results. The purpose of this study is to investigate the effect of financial characteristics on future corporate risk taking behavio...

Depression Babies: Do Macroeconomic Experiences Affect Risk-taking? Depression Babies: Do Macroeconomic Experiences Affect Risk-taking?

We investigate whether individuals’ experiences of macro-economic outcomes have long-term effects on their risk attitudes, as often suggested for the generation that experienced the Great Depression. Using data from the Survey of Consumer Finances from 1964-2004, we find that individuals who have experienced low stock-market returns throughout their lives report lower willingness to take financ...

Bailout Policy and Risk-Taking Behavior

• I am especially indebted to Robert Marquez for many insightful discussions. I am also grateful to Larry Ausubel, and Steven Ongena for their comments and suggestions. Any remaining errors are my own. Abstract We set up a model to analyze the banks' risk-taking and funding decisions (between insured and uninsured funds), in a regulatory framework that includes both unfairly priced deposit insu...

Social comparison and risk taking behavior ∗

We study theoretically and experimentally decision making under uncertainty in a social environment. We introduce an interdependent preferences model that assumes that the decision maker evaluates monetary outcomes in relation both with his individual and his social reference point. In the experiment we reproduce a workplace environment whereby subjects interact in an effort task, earn (possibl...