Showing 1 - 6 of 6
Many economic decisions involve a substantial amount of uncertainty, andtherefore crucially depend on how individuals process probabilistic information. Inthis paper, we investigate the capability for probability judgment in a representativesample of the German population. Our results show that...
Persistent link: https://www.econbiz.de/10011147034
result is robust to stratifying by age, sex, education, national origin, and a variety of other demographic characteristics …
Persistent link: https://www.econbiz.de/10011147037
This paper complements the experimental literature that has shown theimportance of reciprocity for behaviour in stylized labour markets or otherdecision settings. We use individual measures of reciprocal inclinations in alarge, representative survey, and relate reciprocity to real world labour...
Persistent link: https://www.econbiz.de/10011147044
This paper studies risk attitudes using a large representative survey and a complementaryexperiment conducted with a representative subject pool in subjects’ homes. Using aquestion asking people about their willingness to take risks “in general”, we find thatgender, age, height, and...
Persistent link: https://www.econbiz.de/10011160607
Th is paper investigates whether risk aversion and impatience are correlated withcognitive ability. We conduct incentive compatible choice experiments measuringrisk aversion, and impatience over an annual time horizon, for a representative sampleof roughly 1,000 German adults. A measure of...
Persistent link: https://www.econbiz.de/10011160623
We analyse worker self-selection with a special focus on teachers. The point of the paper is that worker composition is generally endogenous, due to worker self-selection. In a first step we analyse lab experimental data to provide causal evidence on particular sorting patterns. This evidence...
Persistent link: https://www.econbiz.de/10011199163