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measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss …The study investigates protective responses in low probability and high loss risk situations.Particularly, it (1 … women) are found to be risk aversefor low probabilities. …
Persistent link: https://www.econbiz.de/10005866644
examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … clear evidence of risk aversion, and of a negative relationship between the latter and willingness to cooperate. …
Persistent link: https://www.econbiz.de/10005866650
absorptionand experimentally test the effects of informing none, some, or all playersabout how to derive equilibrium predictions. …
Persistent link: https://www.econbiz.de/10005866646
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10010928778
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …
Persistent link: https://www.econbiz.de/10010744849
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using … a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard …
Persistent link: https://www.econbiz.de/10010746203
contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed … efficiency gains,the presence of risk and uncertainty about the public good’s value is not detrimentalto cooperation. This …
Persistent link: https://www.econbiz.de/10005866390
answer to both issues, showing how using anincentive compatible experiment produces, in the case of Ghana, reliable results …
Persistent link: https://www.econbiz.de/10005866538
We examine individuals’ distributional orderings in a number of contexts. This is done by using a questionnaire-experiment … flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …
Persistent link: https://www.econbiz.de/10011071116