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Incentive Effects on Risk Attitude in Small Probability Prospects
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - Institute for the Study of Labor (IZA) - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008527318
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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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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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Prospect Theory and Tax Evasion: A Reconsideration of the Yitzhaki Puzzle
Piolatto, Amedeo; Rablen, Matthew D. - Institute for the Study of Labor (IZA) - 2013
The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss...
Persistent link: https://www.econbiz.de/10010884369
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The Sound of Others: Surprising Evidence of Conformist Behavior
Crosetto, Paolo; Filippin, Antonio - Institute for the Study of Labor (IZA) - 2015
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10011274368
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Selection and Mode Effects in Risk Preference Elicitation Experiments
von Gaudecker, Hans-Martin; van Soest, Arthur; … - Institute for the Study of Labor (IZA) - 2008
We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet … with laboratory data on students for the same experiment to investigate effects of implementation mode and of subject pool … selection. We find that the frequency of errors in the lab experiment is drastically below that of the representative sample in …
Persistent link: https://www.econbiz.de/10005822394
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Parenthood and Risk Preferences
Görlitz, Katja; Tamm, Marcus - Institute for the Study of Labor (IZA) - 2015
This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before...
Persistent link: https://www.econbiz.de/10011214025
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa A.; Shah, Manisha - Institute for the Study of Labor (IZA) - 2012
We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that individuals who recently suffered a flood or earthquake...
Persistent link: https://www.econbiz.de/10011252290
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Personality Characteristics and the Decision to Become and Stay Self-Employed
Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - Institute for the Study of Labor (IZA) - 2011
This paper systematically investigates whether different kinds of personality characteristics influence entrepreneurial development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits and further personality characteristics, which...
Persistent link: https://www.econbiz.de/10008868132
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Experts in Experiments: How Selection Matters for Estimated Distributions of Risk Preferences
von Gaudecker, Hans-Martin; van Soest, Arthur; … - Institute for the Study of Labor (IZA) - 2011
-induced selection") and self-selection of participants into the experiment. We find that both types of selection lead to a sample of …
Persistent link: https://www.econbiz.de/10008868136