PURPOSE For years, older patients have been prescribed multiple blood-thinning medications (complex antithrombotic therapy [CAT]) to decrease their risk of cardiovascular events. These therapies, however, increase risk of adverse bleeding events. We assessed patient-reported trade-offs between cardioprotective benefit, gastrointestinal bleeding risk, and burden of self-management using adaptive...

We propose a consumption-based capital asset pricing model in which the representative agent’s preferences display state-dependent risk aversion. We obtain a valuation equation in which the vector of excess returns on equity includes both consumption risk as well as the risk associated with variations in preferences. We develop a simple model that can be estimated without specifying the functio...

Individual risk preferences have a large influence on decisions, such as financial investments, career and health choices, or gambling. Decision making under risk has been studied both behaviorally and on a neural level. It remains unclear, however, how risk attitudes are encoded and integrated with choice. Here, we investigate how risk preferences are reflected in neural regions known to proce...

Households in developing countries are exposed to various shocks and risks, which leaves them vulnerable as they typically have limited resources cope with them. Even though a large body of development literature has focused on the role risk rural livelihoods, focus is often single sources taking unidimensional view preference. This paper explores diversity perception preferences Ethiopian hous...

We hypothesize and empirically establish that economic preferences for risk-taking in different subnational regions affect firm financing costs. study this hypothesis by hand-matching firms' worldwide with the corresponding regional preferences. first show higher is positively associated several measures of risk investments. Subsequently, our baseline results credit bond pricing increase when i...