“Do the Wealthy Risk More Money? An Experimental Comparison” by Antoni Bosch-Domènech and Joaquim Silvestre Universitat Pompeu Fabra and University of California, Davis. Are poor people more or less likely to take money risks than wealthy folks? We find that risk attraction is more prevalent among the wealthy when the amounts of money at risk are small (not surprising, since ten dollars is a sm...

“Do the Wealthy Risk More Money? An Experimental Comparison” by Antoni Bosch-Domènech and Joaquim Silvestre Universitat Pompeu Fabra and University of California, Davis. Are poor people more or less likely to take money risks than wealthy folks? We find that risk attraction is more prevalent among the wealthy when the amounts of money at risk are small (not surprising, since ten dollars is a sm...

The level of usage of modern e-money systems in Australia remains low, despite potential benefits and widespread use internationally. This study investigated the characteristics of modern Australian e-money products perceived as most problematic by Australian merchants. Forty-one merchants accepting e-money online and 41 merchants accepting alternative online payments methods identified which o...

“Do the Wealthy Risk More Money? An Experimental Comparison” by Antoni Bosch-Domènech and Joaquim Silvestre Universitat Pompeu Fabra and University of California, Davis. Barcelona Economics WP no 10 August 2003 Are poor people more or less likely to take money risks than wealthy folks? We find that risk attraction is more prevalent among the wealthy when the amounts of money at risk are small (...

Some retail payment systems can be modelled as two-sided markets, where a payment system facilitates money exchanges between consumers on one side and merchants on the other. The system sets rules and standards, to ensure usage and acceptance of its payment instruments by consumers and merchants respectively. Some retail payment systems exhibit indirect network externalities, which is one of th...

The present research tested whether incidental exposure to money affects people's endorsement of social systems that legitimize social inequality. We found that subtle reminders of the concept of money, relative to nonmoney concepts, led participants to endorse more strongly the existing social system in the United States in general (Experiment 1) and free-market capitalism in particular (Exper...