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Gender Differences in Risk Behaviour: Does Nurture Matter?
Booth, Alison L; Nolen, Patrick - C.E.P.R. Discussion Papers - 2009
pressure to conform to gender-stereotypes encourages girls and boys to modify their innate preferences. Single-sex environments … choices to environmental factors could be explored. The results of our real-stakes gamble show that gender differences in … than coed girls. Moreover, gender differences in preferences for risk-taking are sensitive to the gender mix of the …
Persistent link: https://www.econbiz.de/10005082546
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Ethnic Persistence, Assimilation and Risk Proclivity
Bonin, Holger; Constant, Amelie; Tatsiramos, Konstantinos; … - C.E.P.R. Discussion Papers - 2007
The paper investigates the role of social norms as a determinant of individual attitudes by analyzing risk proclivity reported by immigrants and natives in a unique representative German survey. We employ factor analysis to construct measures of immigrants’ ethnic persistence and assimilation....
Persistent link: https://www.econbiz.de/10005661532
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Gender Differences in Risk Behaviour: Does Nurture Matter?
Booth, Alison L.; Nolen, Patrick - Research School of Economics, College of Business and … - 2009
innate preferences are modified by pressure to conform to gender-stereotypes. Single-sex environments are likely to modify … either coed or single sex schools, and more likely than coed girls. Moreover, gender differences in preferences for risk …-taking are sensitive to the gender mix of the experimental group, with girls being more likely to choose risky outcomes when …
Persistent link: https://www.econbiz.de/10005032832
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Native-Migrant Differences in Risk Attitudes
Bonin, Holger; Constant, Amelie; Tatsiramos, Konstantinos; … - C.E.P.R. Discussion Papers - 2006
This paper questions the perceived wisdom that migrants are more risk-loving than the native population. We employ a new large German survey of direct individual risk measures to find that first-generation migrants have lower risk attitudes than natives, which only equalize in the second generation.
Persistent link: https://www.econbiz.de/10005792497
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Paying for Confidence: An Experimental Study of the Demand for Non-Instrumental Information
Eliaz, Kfir; Schotter, Andrew - C.E.P.R. Discussion Papers - 2009
This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not affect their decision. Our findings suggest that this...
Persistent link: https://www.econbiz.de/10004976787
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Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey
Dohmen, Thomas J; Falk, Armin; Huffman, David; Schupp, … - C.E.P.R. Discussion Papers - 2006
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...
Persistent link: https://www.econbiz.de/10005123605
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Investment, Resolution of Risk, and the Role of Affect
Hopfensitz, Astrid; Krawczyk, Michal; Winden, Frans … - C.E.P.R. Discussion Papers - 2008
This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only inferred from decisions regarding hypothetical...
Persistent link: https://www.econbiz.de/10005124205
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Network Structure and Strategic Investments: An Experimental Analysis
Rosenkranz, Stephanie; Weitzel, Utz - C.E.P.R. Discussion Papers - 2008
This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of Bramoullé and Kranton (2007). In particular, we are...
Persistent link: https://www.econbiz.de/10005136539
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Dynamic Choice, Independence, and Emotions
Hopfensitz, Astrid; Winden, Frans A.A.M. van - C.E.P.R. Discussion Papers - 2007
From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice problem involves the presence of a 'global risk', that is, a chance of losing everything whichever safe or risky option is chosen. In this experimental study, participants have to...
Persistent link: https://www.econbiz.de/10005136625
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Risk Aversion in a Dynamic Asset Allocation Experiment
Brocas, Isabelle; Carrillo, Juan D; Giga, Aleksandar; … - C.E.P.R. Discussion Papers - 2015
We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a safe and a risky asset. We first derive analytically the optimal allocation of an expected utility maximizer with HARA utility function. We then fit the experimental choices to...
Persistent link: https://www.econbiz.de/10011145479