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a "purchase of self-insurance" motive to remit, we also provide evidence of more remittances sent by risk averse …Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … risk aversion and remittance behavior. Risk-averse individuals are more likely to send remittances home and are, on average …
Persistent link: https://www.econbiz.de/10010884255
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005822413
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10010627842
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009416932
ideas. The "Sacred Canopy" paradigm views it necessary for social stability to grant monopoly power to an official state …. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly …
Persistent link: https://www.econbiz.de/10010607502
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on … behavior resulting in participants requiring higher compensation to bear risk. …
Persistent link: https://www.econbiz.de/10010884160
Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk …
Persistent link: https://www.econbiz.de/10010884344
Do more risk loving migrants opt for self-employment? This is a question especially relevant for policymakers designing …-adjusted measure of risk preferences in the domain of work to investigate the link between risk aversion and entrepreneurship in … significant negative relationship between risk aversion and entrepreneurship. In addition, our results show that the use of …
Persistent link: https://www.econbiz.de/10010959623
competitiveness and risk, this paper investigates whether these behavioral biases and preferences explain gender differences in … and overconfidence, but not risk aversion, is systematically related with expectations about future earnings: individuals …
Persistent link: https://www.econbiz.de/10010959644
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … employees (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and …. Entrepreneurs are only found to be unique in their lower degree of loss aversion, and not in their risk or ambiguity aversion. This …
Persistent link: https://www.econbiz.de/10010959844