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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/10013364933
eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of …
Persistent link: https://www.econbiz.de/10009375050
Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10011500169
Loss aversion, risk aversion, and the probability weighting function (PWF) are three central concepts in explaining decisionmaking under risk. I examine interlinkages between these concepts in a model of decisionmaking that allows for loss averse/tolerant stochastic reference dependence and...
Persistent link: https://www.econbiz.de/10014292798
under risk ; large losses ; natural experiment …
Persistent link: https://www.econbiz.de/10009571117
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/10010204670
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012260969
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014261310
they behave the same as the males. Thus part of the observed gender difference in behavior under uncertainty found in … previous studies might reflect social learning rather than inherent gender traits. …
Persistent link: https://www.econbiz.de/10010344873
laboratory experiment. …
Persistent link: https://www.econbiz.de/10011638247