This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a method integrating interactive experiments and...

Mandated benefits are supposed to perform better than regular public programs where tax finance and expenditure are unrelated at the individual level. If benefits due to these mandated programs are valued at a one to one basis in relation to the respectiv

This paper examines the evolution of urban land prices in Santiago during the last decade. Rates of return and variability measures are compared with those of other assets using a CAPM framework. Results show low and statistically not significant beta val