Showing 1 - 10 of 1,131
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012453771
Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility … robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …
Persistent link: https://www.econbiz.de/10012462308
out in Baumrind 1967). Parents maximize an objective function that combines Beckerian altruism and paternalism towards …
Persistent link: https://www.econbiz.de/10012458452
aversion, time preference, altruism, positive reciprocity, negative reciprocity, and trust to uncover that contemporary …
Persistent link: https://www.econbiz.de/10012453423
augmenting the standard power utility function with a time-varying subsistence level, or "external habit", that adapts …
Persistent link: https://www.econbiz.de/10012463875
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative … utility maximization paradigm literally the only game in town. In this study, we advance the literature by exploring CEO … that both our CEO and student subject pools exhibit frequent and large departures from expected utility theory. In addition …
Persistent link: https://www.econbiz.de/10012463196
We report the results of an online experiment studying preferences for giving and preferences for group …
Persistent link: https://www.econbiz.de/10012660053
Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...
Persistent link: https://www.econbiz.de/10012465341
method using data from an experiment with 550 participants who made choices over lotteries from multiple price lists …
Persistent link: https://www.econbiz.de/10012456879
We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games (using real money) with randomly selected individuals in rural Indonesia. We find that individuals who recently suffered a flood or earthquake exhibit more risk aversion....
Persistent link: https://www.econbiz.de/10012459127