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Sadder but wiser: The Effects of Affective States and Weather on Ambiguity Attitudes

Baillon, Aurélien; Koellinger, Philipp; Treffers, Theresa - Tinbergen Instituut - 2014

Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...

Persistent link: https://www.econbiz.de/10011255915

Fostering Cooperation through the Enhancement of Own Vulnerability

Kopanyi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - Tinbergen Instituut - 2012

We consider the possibility that cooperation in a prisoner's dilemma is fostered by people's voluntarily enhancement of their own vulnerability. The vulnerability of a player determines the effectiveness of possible punishment by the other. In the "Gradual" mechanism, players may condition their...

Persistent link: https://www.econbiz.de/10011255969

A Dynamic Model of Investor Decision-Making: How Adaptation to Losses affects Future Selling Decisions

Lee, Carmen; Kraeussl, Roman; Lucas, André; Paas, … - Tinbergen Instituut - 2008

We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors adapt to losses, their neutral reference point shifts...

Persistent link: https://www.econbiz.de/10011257429

Will Islamic Banking make the World less risky? An Empirical Analysis of Capital Structure, Risk Shifting and Financial Stability

Farooq, Moazzam; Wijnbergen, Sweder van; Zaheer, Sajjad - Tinbergen Instituut - 2015

We use a classic Merton credit risk framework to argue that Islamic Banking Institutions (IBIs) face less incentive to take on risks than Conventional Banking Institutions (CBI). IBIs have less incentive for risk shifting both in and outside of distress situations. We test and confirm this...

Persistent link: https://www.econbiz.de/10011272595

Will Islamic Banking make the World less risky? An Empirical Analysis of Capital Structure, Risk Shifting and Financial Stability

Farooq, Moazzam; Wijnbergen, Sweder van; Zaheer, Sajjad - Tinbergen Instituut - 2015

Persistent link: https://www.econbiz.de/10011275100

Religion and Income

Bettendorf, L.; Dijkgraaf, E. - Tinbergen Instituut - 2008

countries. We estimate simultaneously an income and a religion equation to correct for the endogeneity of religiosity. We find … denominational distribution, participation effects and alternative measures of religiosity. …

Persistent link: https://www.econbiz.de/10011256294

Happiness and Financial Satisfaction in Israel. Effects of Religiosity , Ethnicity, and War

Praag, Bernard M.S. van; Romanov, Dmitri; … - Tinbergen Instituut - 2010

are able to differentiate between individuals who vary in religiosity between secular and ultra-orthodox. We find a … significant effect of religiosity on happiness. With respect to Jewish families it is most striking that the impact of family size … on both life and financial satisfaction seems to vary with religiosity. This might be a reason for differentiation in …

Persistent link: https://www.econbiz.de/10011256417

The Bicausal Relation between Religion and Income

Bettendorf, Leon; Dijkgraaf, Elbert - Tinbergen Instituut - 2005

. Religiosity is measured by religious membership and by participation. Instead of estimating separately a religion and an income …

Persistent link: https://www.econbiz.de/10011257256

Self-Confidence and Strategic Deterrence

Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - Tinbergen Instituut - 2011

We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...

Persistent link: https://www.econbiz.de/10011255502

Risk, Uncertainty and Entrepreneurship: Evidence From a Lab-in-the-Field Experiment

Koudstaal, Martin; Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2014

Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we perform a large ‘lab-in-the-field’ experiment...

Persistent link: https://www.econbiz.de/10011255528