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Contract structure, risk sharing and investment choice

Fischer, Gregory - London School of Economics (LSE) - 2011

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To explore this possibility, I develop a theory that...

Persistent link: https://www.econbiz.de/10010746368

Preference reversals and the analysis of income distributions

Amiel, Yoram; Cowell, Frank; Davidovitz, Leima; … - London School of Economics (LSE) - 2003

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

Digit ratio (2D:4D) and altruism: evidence from a large, multi-ethnic sample

Galizzi, Matteo M.; Nieboer, Jeroen - London School of Economics (LSE) - 2015

We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...

Persistent link: https://www.econbiz.de/10011171763

Contract structure, risk sharing and investment choice

Fischer, Gregory - London School of Economics (LSE) - 2013

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected-return investments. To explore this possibility, I develop a theory that...

Persistent link: https://www.econbiz.de/10011125976

Do bad risks know it? Experimental evidence on optimism and adverse selection

Coelho, Marta; de Meza, David - London School of Economics (LSE) - 2012

Subjects who overestimate their performance in experimental tasks unrelated to travel are less willing to insure against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences insurance demand and diminishes adverse selection

Persistent link: https://www.econbiz.de/10011128051

A quantitative and qualitative test of the Allais paradox using health outcomes

Oliver, Adam - London School of Economics (LSE) - 2003

There have been many tests of the descriptive validity of the axioms of expected utility theory (EU) using money outcomes. Such tests are relatively uncommon with respect to health outcomes. This is unfortunate, because the standard gamble - considered by many health economists to be the gold...

Persistent link: https://www.econbiz.de/10010884553

Regulated and non-regulated companies, technology adoption in experimental markets for emission permits, and options contracts

Chesney, Marc; Taschini, Luca; Wang, Mei - London School of Economics (LSE) - 2011

theoretical models on irreversible abatement investment, the first experiment shows that regulated companies trade permits at a …. The second experiment shows that the presence of non-regulated companies adds liquidity to the market and does not … increase price volatility. The last experiment enables us to investigate the impact of the presence of cash-settled options …

Persistent link: https://www.econbiz.de/10010745458

Speculative attacks and financial architecture: experimental analysis of coordination games with public and private information

Heinemann, Frank; Nagel, Rosemarie; Ockenfels, Peter - London School of Economics (LSE) - 2002

may be destabilizing by allowing for self-fulfilling beliefs. We present an experiment that imitates a speculative attacks …

Persistent link: https://www.econbiz.de/10010745943

Like ripples on a pond: behavioral spillovers and their implications for research and policy

Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2015

No behavior sits in a vacuum, and one behavior can greatly affect what happens next. We propose a conceptual frame within which a broad range of behavioral spillovers can be accounted for when applying behavioral science to policy challenges. We consider behaviors which take place sequentially...

Persistent link: https://www.econbiz.de/10011150276

Because I'm worth it: a lab-field experiment on the spillover effects of incentives in health

Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2014

We conduct a controlled lab-field experiment to directly test the short-run spillover effects of one-off financial …

Persistent link: https://www.econbiz.de/10011126577