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of our study was to examine whether and how deep parameters such as time and risk preferences affect the intention to …-earthquake control) on the effect of natural disasters on time and risk preferences. We find unambiguous effects towards more risk …
Persistent link: https://www.econbiz.de/10012837683
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices …
Persistent link: https://www.econbiz.de/10014357514
possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …This paper exploits a large dataset of replications of the Holt and Laury (2002) risk elicitation task to study a …
Persistent link: https://www.econbiz.de/10010328757
largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …, and virtually all of rising dispersion within gender over the life cycle …
Persistent link: https://www.econbiz.de/10012897647
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...
Persistent link: https://www.econbiz.de/10013324218
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10013118350
so. We find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health …
Persistent link: https://www.econbiz.de/10012834356
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, agents make a deterministic trade-off between mean and variance … both in choosing a forecasting heuristic and determining the number of risky assets to buy. Heterogeneous risk preferences …
Persistent link: https://www.econbiz.de/10012844420
The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...
Persistent link: https://www.econbiz.de/10012892249
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences particularly … analysis of students' field behavior would yield largely misleading conclusions about the relation of risk aversion to these …
Persistent link: https://www.econbiz.de/10012823553