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A Parametric Analysis of Prospect Theory's Functionals for the General Population
Booij, Adam S.; Praag, Bernard M.S. Van; Kuilen, Gijs Van De - CESifo - 2009
This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender …
Persistent link: https://www.econbiz.de/10005000376
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Risk Aversion as a Perceptual Bias
Khaw, Mel - 2017
laboratory experiment …
Persistent link: https://www.econbiz.de/10012956867
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A Study of Outcome Reporting Bias Using Gender Differences in Risk Attitudes
Crosetto, Paolo; Filippin, Antonio; Heider, Janna - 2021
possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the …, however, does not support the consensus: only a tiny fraction of the replications displays gender differences. This striking … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …
Persistent link: https://www.econbiz.de/10013315692
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Variation in Risk Seeking Behavior in a Natural Experiment on Large Losses Induced by a Natural Disaster
Page, Lionel - 2012
This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in...
Persistent link: https://www.econbiz.de/10013103582
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Measuring Individual Risk Attitudes in the Lab : Task or Ask? An Empirical Comparison
Lönnqvist, Jan-Erik - 2014
This paper compares two prominent empirical measures of individual risk attitudes - the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) - with respect to (a) their within-subject stability over time...
Persistent link: https://www.econbiz.de/10013056845
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Risky Choices and Solidarity : Why Experimental Design Matters
Wunsch, Conny - 2018
attributions of responsibility for neediness from other explanations. We implement our design in a lab experiment we conducted with …
Persistent link: https://www.econbiz.de/10012912673
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Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, Thomas J.; Falk, Armin; Huffman, David; Sunde, Uwe - 2021
This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...
Persistent link: https://www.econbiz.de/10013316382
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Why are Educated and Risk-Loving Persons More Mobile Across Regions?
Bauernschuster, Stefan - 2012
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000-2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10013100274
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Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya
Strobl, Renate - 2018
In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance arrangements in developing countries, is sensitive to the extent to which individuals can influence their risk exposure. With slum dwellers of Nairobi our design measures subjects'...
Persistent link: https://www.econbiz.de/10012933079
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A Parametric Analysis of Prospect Theory's Functionals for the General Population
Booij, Adam S. - 2009
This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender …
Persistent link: https://www.econbiz.de/10012763991