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Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks on an 11-point scale, we find...

Persistent link: https://www.econbiz.de/10005068645

Stated and Revealed Heterogeneous Risk Preferences in Educational Choice

Fossen, Frank M.; Glocker, Daniela - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate …

Persistent link: https://www.econbiz.de/10010737594

Social Relationships and Trust

Binzel, Christine; Fehr, Dietmar - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....

Persistent link: https://www.econbiz.de/10008498394

A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys

Fehr, Ernst; Fischbacher, Urs; Rosenbladt, Bernhard von; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of … method integrating interactive experiments and representative surveys thereby overcoming crucial weaknesses of both … approaches. One of the major advantages of our approach is that it allows for the integration of experiments, which require …

Persistent link: https://www.econbiz.de/10005068699

Virtual Assisted Self Interviewing (VASI): An Expansion of Survey Data Collection Methods to the Virtual Worlds by Means of VDCI

Bell, Mark W.; Castronova, Edward; Wagner, Gert G. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

Changes in communication technology have allowed for the expansion of data collection modes in survey research. The proliferation of the computer has allowed the creation of web and computer assisted auto-interview data collection modes. Virtual worlds are a new application of computer...

Persistent link: https://www.econbiz.de/10005071112

Defaults and Donations: Evidence from a Field Experiment

Altmann, Steffen; Falk, Armin; Heidhues, Paul; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

We study how website defaults affect consumer behavior in the domain of charitable giving. In a field experiment that was conducted on a large platform for making charitable donations over the web, we exogenously vary the default options in two distinct choice dimensions. The first pertains to...

Persistent link: https://www.econbiz.de/10011185753

Market Power Rents and Climate Change Mitigation: A Rationale for Coal Taxes?

Richter, Philipp M.; Mendelevitch, Roman; Jotzo, Frank - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...

Persistent link: https://www.econbiz.de/10011265687

All Quiet on the Eastern Front?: Disruption Scenarios of Russian Natural Gas Supply to Europe

Richter, Philipp M.; Holz, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

The Russian-Ukrainian crisis has revitalized the European concerns of supply disruptions of natural gas as experienced in 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed since: imports aremore diversified, EU member states better connected and a...

Persistent link: https://www.econbiz.de/10011266590

An Exact Solution Method for Binary Equilibrium Problems with Compensation and the Power Market Uplift Problem

Huppmann, Daniel; Siddiqui, Sauleh - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...

Persistent link: https://www.econbiz.de/10011266601

A Strategic Model of European Gas Supply (GASMOD)

Holz, Franziska; Hirschhausen, Christian von; Kemfert, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

Structural changes in the European natural gas market such as liberalization, increasing demand, and growing import dependency have triggered new attempts to model this market accurately. This paper presents a model of the European natural gas supply, GASMOD, which is structured as a...

Persistent link: https://www.econbiz.de/10004963631