Showing 1 - 10 of 2,597
In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10014077011
literature to the literature on social preferences. Following Andersen et al. (2008), we design a laboratory experiment to … 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
deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …
Persistent link: https://www.econbiz.de/10012892237
Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant information? We investigate whether individuals seek out the “cognitive flexibility” needed to distort beliefs in self-serving ways, or instead attempt to constrain it, committing...
Persistent link: https://www.econbiz.de/10012823149
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and …
Persistent link: https://www.econbiz.de/10013310763
While gender differences in labor force participation and wages have been studied extensively, gender gaps in cognitive … skill distributions by gender across 34 countries. Despite increasing educational equality, inequalities in numeracy skills … favoring men compared to women are pervasive. These skill differences account for a sizable part of the gender wage gap …
Persistent link: https://www.econbiz.de/10014356270
This paper examines preferences towards particular classes of lottery pairs. We show how concepts such as prudence and temperance can be fully characterized by a preference relation over these lotteries. If preferences are defined in an expected-utility framework with differentiable utility, the...
Persistent link: https://www.econbiz.de/10010271070
differences in performance in the real effort task, we observe a strong gender gap in sabotage choices in our experiment. This gap …We study gender differences in relation to performance and sabotage in competitions. While we find no systematic gender … beliefs are exogenously aligned by implementing sabotage via strategy method, the gender gap in sabotage choices disappears …
Persistent link: https://www.econbiz.de/10012892013
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a representative sample of more than 5,000 Germans in five panel waves during the COVID-19 pandemic. Exploiting variation in local infections across time and space, we find that an...
Persistent link: https://www.econbiz.de/10014357514
We show that perceptions of relative rank in the wealth distribution shape individuals’ willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level....
Persistent link: https://www.econbiz.de/10013215212