Risk-taking and skewness-seeking behavior in a demographically diverse population

We study the interaction between risk-taking and skewness-seeking behavior among a demographically diverse sample of French adults using an experiment that elicits certainty equivalent over lotteries vary second third moments orthogonally. find most common is risk avoidance skewness seeking. On average, we no two, weakly significant only in some segments population. That is, cases, seeking not affected by variance involved, nor taking lotteries. also positive correlation risk-avoiding behavior. Older female participants make more choices, while less educated people those executive occupations are Estimated decision models show utility curvature, likelihood sensitivity, optimism can explain observed behaviors.