Frontal asymmetry measured at rest using EEG is considered a stable marker of approach-avoidance behaviors and risk taking. We examined whether without salient cues of attention in the form of losses, predictability is reduced. Fifty-seven participants performed an experiential decision task in a gain-only, loss-only, and mixed (gains and losses) condition. Increased risk taking on the part of ...

Past empirical work suggests that aging is associated with decreases in risk taking. But are such effects universal? Life-history theory suggests that the link between age and risk taking is a function of specific reproductive strategies that can be more or less risky depending on the ecology. We assessed variation in the age-risk curve using World Values Survey data from 77 countries (N = 147,...

This article investigates whether, and how, CEO educational background affects Chinese corporate risk-taking. Using a sample of 4681 firm-year observations from 2012 to 2020, we find that is negatively associated with The nonlinear quadratic regression shows convex relationship, consistent the finding effect more profound for subsample relatively lower education levels. negative relationship st...

I study managers' risk-taking behavior and how it is affected by equity-based compensation. I find that in response to an exogenous increase in takeover protection in Delaware during the mid-1990s, managers lower firm risk by 5%. I also find that the decrease in firm risk is concentrated among firms with low managerial equity-based incentives. In particular, firms with low CEO portfolio sensiti...

In line with the goal of limiting health risk behaviors in adolescence, a growing literature investigates whether individual differences in functional brain responses can be related to vulnerability to engage in risky decision-making. We review this body of work, investigate when and in what way findings converge, and provide best practice recommendations. We identified 23 studies that examined...

Given that risk-taking is an essential channel for companies to obtain high returns and realize value enhancement, the goal of this study holistically explore determinants corporate using various machine learning algorithms. Based on data from Chinese listed between 2010 2019, we document adaptive boosting (AdaBoost) model makes better predictions risk-taking. We further visualize importance in...

Religiosity and participation in religious activities have been linked with decreased risky behavior. In the current research, we hypothesized that exposure to the concept of God can actually increase people's willingness to engage in certain types of risks. Across seven studies, reminders of God increased risk taking in nonmoral domains. This effect was mediated by the perceived danger of a ri...

Career concerns can limit a manager's willingness to take risks, which lead excessive policy conservatism. An increase in CEO's ability and change jobs (CEO mobility) diversify her human capital reduce We derive several CEO mobility measures relate them riskiness index that captures the overall risk embedded firm's corporate policies. find strong positive relation between of also link external ...