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Can Risk-taking Preferences be Modified? Some Experimental Evidence

Booth, Alison L.; Nolen, Patrick J. - CESifo - 2014

We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify studentsf risk]taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona]Sosa and Nolen (2014), they are first]year...

Persistent link: https://www.econbiz.de/10010877772

Education and Health: The Role of Cognitive Ability

Bijwaard, Govert; Kippersluis, Hans van; Veenman, Justus - CESifo - 2013

We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality using a structural equation model suggested by Conti et al. (2010). We extend their model by allowing for a duration dependent variable, and an ordinal educational variable. Data...

Persistent link: https://www.econbiz.de/10010877909

Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - CESifo - 2009

This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...

Persistent link: https://www.econbiz.de/10005000392

When is Ambiguity-Attitude Constant?

Eichberger, Jürgen; Grant, Simon; Kelsey, David - CESifo - 2012

This paper studies how updating affects ambiguity-attitude. In particular we focus on the generalized Bayesian update … of the Jaffray-Phillipe sub-class of Choquet Expected Utility preferences. We find conditions for ambiguity-attitude to … be the same before and after updating. A necessary and sufficient condition for ambiguity-attitude to be unchanged when …

Persistent link: https://www.econbiz.de/10010539152

Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity

Traeger, Christian - CESifo - 2012

contribution, the paper extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion …, ambiguity aversion, and the propensity to smooth consumption over time. …

Persistent link: https://www.econbiz.de/10009645646

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - CESifo - 2011

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

Persistent link: https://www.econbiz.de/10009364730

The Value of a Statistical Life under Ambiguity Aversion

Treich, Nicolas - CESifo - 2008

We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is … higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived … baseline mortality risk, and thus operates as the “dead anyway” effect. We suggest, however, that ambiguity aversion should …

Persistent link: https://www.econbiz.de/10005406403

Strategic Choices for Redistribution and the Veil of Ignorance: Theory and Experimental Evidence

Gerber, Anke; Nicklisch, Andreas; Voigt, Stefan - CESifo - 2013

We provide experimental evidence on the emergence of redistributive societies. Individuals first vote on redistribution by feet and then learn their productivity and invest. We vary the individuals’ information about their productivities at the time when they choose a distribution rule and...

Persistent link: https://www.econbiz.de/10010877661

How do Incentives Affect Creativity?

Eckartz, Katharina; Kirchkamp, Oliver; Schunk, Daniel - CESifo - 2012

We compare performance in a word based creativity task under three incentive schemes: a flat fee, a linear payment and a tournament. Furthermore, we also compare performance under two control tasks (Raven’s advanced progressive matrices or a number-adding task) with the same treatments. In all...

Persistent link: https://www.econbiz.de/10010877854

Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Riedl, Arno - CESifo - 2009

Experimental and behavioral economics are well established branches in the economic science. This essay presents and discusses some results and behavioral regularities from these fields which are of potential importance for public policy. After a brief introduction of what experimental and...

Persistent link: https://www.econbiz.de/10008533977