Similar Search Results

Gender Differences in Risk Preferences and Stereotypes: Experimental Evidence from a Matrilineal and a Patrilineal Society

Pondorfer, Andreas; Mahmoud, Toman Omar; Rehdanz, Katrin; … - Institut für Weltwirtschaft (IfW) - 2014

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …

Persistent link: https://www.econbiz.de/10010905566

Multiple-Item Risk Measures

Menkhoff, Lukas; Sakha, Sahra - Institut für Weltwirtschaft (IfW) - 2014

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large household survey. We find overall positive correlation between items and low explanatory power in terms of behavior. Using an average of seven risk elicitation...

Persistent link: https://www.econbiz.de/10011120336

An experimental investigation of the disparity between WTA and WTP for lotteries

Schmidt, Ulrich; Traub, Stefan - Institut für Weltwirtschaft (IfW) - 2009

-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a …

Persistent link: https://www.econbiz.de/10010956013

Testing Independence Conditions in the Presence of Errors and Splitting Effects

Birnbaum, Michael H.; Schmidt, Ulrich; Schneider, Miriam D. - Institut für Weltwirtschaft (IfW) - 2010

This paper presents an experimental test of several independence conditions implied by expected utility and alternative … models. We perform a repeated choice experiment and fit an error model that allows us to discriminate between true violations …

Persistent link: https://www.econbiz.de/10008631614

Allais Paradoxes Can be Reversed by Presenting Choices in Canonical Split Form

Birnbaum, Michael H.; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010

This paper tests Birnbaum’s (2004) theory that the constant consequence paradoxes of Allais are due to violations of coalescing, the assumption that when two branches lead to the same consequence, they can be combined by adding their probabilities. Rank dependent utility and cumulative...

Persistent link: https://www.econbiz.de/10008631616

Deterrence Works for Criminals

Khadjavi, Menusch - Institut für Weltwirtschaft (IfW) - 2014

study employs an extra-laboratory experiment in a German prison to test the effectiveness of deterrence. Subjects either …

Persistent link: https://www.econbiz.de/10010886936

The impact of military work experience on later hiring chances in the civilian labour market: Evidence from a field experiment

Baert, Stijn; Balcaen, Pieter - Institut für Weltwirtschaft (IfW) - 2013

jobs on the subsequent chances of being hired in the civilian labour market. It does so through a field experiment in the …

Persistent link: https://www.econbiz.de/10010956127

Equal Split in the Informal Market for Group Train Travel

Waichman, Israel; Korzhenevych, Artem; Requate, Till - Institut für Weltwirtschaft (IfW) - 2010

In this paper we make use of a unique dataset collected in the central train station of Kiel, Germany. A group ticket is used by individual proposers who search for co-travelers to share the ride with shortly before the train departure. The bargaining behavior resembles the Ultimatum game to the...

Persistent link: https://www.econbiz.de/10008511729

Reconsidering the common ratio effect: The roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - Institut für Weltwirtschaft (IfW) - 2014

lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio … effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical … observation of common ratio effects.We observe that compound independence and reduction of compound lotteries hold, whereas …

Persistent link: https://www.econbiz.de/10010886877

Insurance Demand under Prospect Theory:A Graphical Analysis

Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2012

This paper analyzes insurance demand under prospect theory in a simple model with two states of the world and fair insurance contracts. We argue that two different reference points are reasonable in this framework, state-dependent initial wealth or final wealth after buying full insurance....

Persistent link: https://www.econbiz.de/10010886880