Given their reference point, most people tend to be risk averse over gains and risk seeking over losses. Therefore, they exhibit a dual risk attitude which is reference dependent. This paper considers an adaptive process for choice under risk such that, in spite of a permanent short-run dual risk attitude, the agent eventually learns to make risk neutral choices. The adaptive process is based o...

(1) Background: This is one of the few studies to look into online grocery shopping behavior in Indonesia, as an emerging sector economy. The technology acceptance model extended this study include price, health risk, and a reference group better understand factors extent which they influence shopping. (2) Methods: In order achieve goal research test model, literature-based questionnaire was de...

Modelling choice in multi-period asset pricing requires assumptions about how prior outcomes affect risk attitude. We present an experimental study of the influence of prior outcomes on risky choice. We document a strong framing effect. By manipulating the presentation format of the decision problem we can induce increased risk taking following a gain, i.e. the house-money effect (Thaler and Jo...

Many results involving expected utility theory call upon the notions of absolute risk aversion, prudence and/or temperance. The present paper exploits a representation of the FriedmanSavage utility premium to give a general foundation for such coefficients and for their higherorder extensions.

We explore the relevance of the risk attitude of managers to the investment-uncertainty relation. Higher moments of the distribution of net profits are used to measure the risk premium of the firm, from which we derive a proxy for the risk aversion of managers. Using an unbalanced panel of Dutch listed firms, we find that in general a low degree of risk aversion coincides with a positive impact...

Four experiments are presented that explore situations in which a decision maker has to rely on personal experience in an attempt to minimize delays. Experiment 1 shows that risk-attitude in these timesaving decisions is similar to risk-attitude in money-related decisions from experience: A risky prospect is more attractive than a safer prospect with the same expected value only when it leads t...

Automated market makers are algorithmic agents that provide liquidity in electronic markets. A recent stream of research in automated market making is the design of liquidity-sensitive automated market makers, which are able to adjust their price response to the level of active interest in the market. In this paper, we introduce homogeneous risk measures, the general class of liquidity-sensitiv...

background: musculoskeletal disorders (msds) are among important health problems in working population. because of performing difficult physical activities, hand-woven shoe-sole makers are at risk of developing various types of msds. objective: to determine the prevalence of musculoskeletal symptoms in different body areas of hand-woven shoe-sole makers, assess workers′ postures and workstation...

background: epidemiology is the base of public health and preventive medicine. this study was conducted to identify the rate of awareness and attitude of 1000 fars general physicians about epidemiology science in 2010 methods: the present study performed as cross-sectional on working general physicians (gps) in 20 of fars provinces in 1-stage cluster sampling. in the study, factors such as age,...