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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
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008805625
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Does the Home Advantage Depend on Crowd Support? Evidence from Same-Stadium Derbies
Ponzo, Michela; Scoppa, Vincenzo - Institute for the Study of Labor (IZA) - 2014
We investigate to what extent crowd support contributes to the home advantage in soccer, disentangling this effect from other mechanisms such as players' familiarity with the stadium and travel fatigue. To evaluate the relevance of crowd support in determining home advantage we analyze...
Persistent link: https://www.econbiz.de/10010884233
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Stability of Time Preferences
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2010
Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...
Persistent link: https://www.econbiz.de/10008615447
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10004999928
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Discounting Financial Literacy: Time Preferences and Participation in Financial Education Programs
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2008
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10005761687
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Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - Institute for the Study of Labor (IZA) - 2010
experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of …
Persistent link: https://www.econbiz.de/10008560756
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Present-Biased Preferences and Credit Card Borrowing
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2009
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10004980269
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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
random sample of individuals living in rural India, incentive compatible measures of patience and risk aversion, and detailed …
Persistent link: https://www.econbiz.de/10005030895
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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
individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10005822425
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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
are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …
Persistent link: https://www.econbiz.de/10008683657