Showing 1 - 10 of 2,073
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...
Persistent link: https://www.econbiz.de/10013118350
We propose a heuristic switching model of an asset market where the agents' choice of heuristic is consistent with their individual risk aversion. They choose between a fundamentalist and a trend-following rule to form expectations about the price of a risky asset. Given their risk aversion,...
Persistent link: https://www.econbiz.de/10012844420
In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former...
Persistent link: https://www.econbiz.de/10013316618
perception frictions. The model explains adaptive risk attitudes and probability weighting as in prospect theory and …
Persistent link: https://www.econbiz.de/10013306853
jointly elicit risk preferences and preferences for altruism. Consistent with theory, we find that the standard simplifying … comparing altruism across relevant sub-groups, such as gender and wealth, leading to possibly erroneous conclusions about which …
Persistent link: https://www.econbiz.de/10014243683
We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals …
Persistent link: https://www.econbiz.de/10014348046
-spans. We derive the optimal direction of redistribution and show how it is affected by a gender neutrality rule. With singles … concave redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed … when the transformation is sufficiently concave. Under gender neutrality pension schemes must be self-selecting. With …
Persistent link: https://www.econbiz.de/10013224069
This study investigates the influence of gender composition on allocation decisions involving a rank … revealed by gender-specific nicknames. We found that female participants are more reluctant to relinquish their current … relative rank when the persons ranked below and above them are of the opposite gender. This tendency was less pronounced in the …
Persistent link: https://www.econbiz.de/10014241313
reveal important insights on individuals acting as firms, they largely ignore individual heterogeneity, such as gender … differences. We experimentally analyze gender differences in prisoner’s dilemmas, where collusive behavior harms a passive third … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …
Persistent link: https://www.econbiz.de/10013296722
explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax …
Persistent link: https://www.econbiz.de/10012834992