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Framing Effects and Impatience: Evidence from a Large Scale Experiment
van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - Institute for the Study of Labor (IZA) - 2012
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011271980
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A Parametric Analysis of Prospect Theory's Functionals for the General Population
Booij, Adam S.; Praag, Bernard M. S. van; van de … - Institute for the Study of Labor (IZA) - 2009
This paper presents the results of an experiment that completely measures the utility function and probability …
Persistent link: https://www.econbiz.de/10005822425
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Attitudes toward Uncertainty among the Poor: Evidence from Rural Ethiopia
Akay, Alpaslan; Martinsson, Peter; Medhin, Haileselassie; … - Institute for the Study of Labor (IZA) - 2009
We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk aversion and ambiguity aversion were found with the Ethiopian...
Persistent link: https://www.econbiz.de/10005004556
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Trust and Trustworthiness under the Prospect Theory: A Field Experiment in Vietnam
Nguyen, Quang; Villeval, Marie Claire; Xu, Hui - Institute for the Study of Labor (IZA) - 2012
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …
Persistent link: https://www.econbiz.de/10010711936
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Risk Attitudes and Well-Being in Latin America
Cardenas, Juan Camilo; Carpenter, Jeffrey P. - Institute for the Study of Labor (IZA) - 2010
, Montevideo, San José. In addition to the experiment which reveals interesting cross-country differences, participants completed …
Persistent link: https://www.econbiz.de/10008683657
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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - Institute for the Study of Labor (IZA) - 2010
eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …
Persistent link: https://www.econbiz.de/10008805625
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Individual-Level Loss Aversion in Riskless and Risky Choices
Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Institute for the Study of Labor (IZA) - 2007
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10005761867
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Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey
Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - Institute for the Study of Labor (IZA) - 2005
take risks is negatively related to age and being female, and positively related to height and parental education. We test … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …
Persistent link: https://www.econbiz.de/10005762081
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The Power of (No) Recognition: Experimental Evidence from the University Classroom
Hoogveld, Nicky; Zubanov, Nikolay - Institute for the Study of Labor (IZA) - 2014
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students …
Persistent link: https://www.econbiz.de/10010884116
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Women, Children and Patience: Experimental Evidence from Indian Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
In this paper we study the link between women's responsibility for children and their preferences. We use a large random sample of individuals living in rural India, incentive compatible measures of patience and risk aversion, and detailed survey data. We find more patient choices among women...
Persistent link: https://www.econbiz.de/10005030895