Showing 1 - 10 of 606
pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on … the magnitude and sign of the relative risk premium, holding fixed both the probability that a lottery pays off and the … in which all departures from risk-neutral bidding are attributed to an optimal adaptation of bidding behavior to the …
Persistent link: https://www.econbiz.de/10013388772
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013334460
individual-level risk and time preferences are also more accurate, more stable over time, and faster to administer in a large … relationship between risk aversion and cognitive ability than other elicitation techniques. DOSE thus provides a flexible procedure …
Persistent link: https://www.econbiz.de/10015094855
self-assessed levels of patience and altruism. Therapy did not increase levels of employment or consumption, possibly …
Persistent link: https://www.econbiz.de/10013210039
Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than males and could be more inclined towards collaboration, instead. Were these findings to generalize to adults across the workforce, there could be profound implications for...
Persistent link: https://www.econbiz.de/10013210090
following changes in perceived risk. The adoption of narratives promoting preventive behaviors is procyclical and narrative …
Persistent link: https://www.econbiz.de/10014512096
Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a stylized model of expert choice between two alternatives,...
Persistent link: https://www.econbiz.de/10014544793
risk preferences. First, all anomalies also arise in structurally similar atemporal decision problems involving valuation …
Persistent link: https://www.econbiz.de/10014247968
In the past decade, researchers in psychology and neuroscience studying human decision-making have increasingly adopted a framework that combines two systems, namely "model-free" and "model-based" learning. We import this framework into a simple financial setting, study its properties, and use...
Persistent link: https://www.econbiz.de/10014247999
information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be …
Persistent link: https://www.econbiz.de/10013388842