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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 …
Persistent link: https://www.econbiz.de/10010204670
We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the...
Persistent link: https://www.econbiz.de/10012597266
perception frictions. The model explains adaptive risk attitudes and probability weighting as in prospect theory and …
Persistent link: https://www.econbiz.de/10012806647
estimate the median to lie too close to the distribution's center. The observed bias in expectations is irrespective to risk …
Persistent link: https://www.econbiz.de/10010345197
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- pricing under risk ; probability …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … ; weighting ; compound lotteries ; favourite-longshot bias …
Persistent link: https://www.econbiz.de/10003965888
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10009772925
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …
Persistent link: https://www.econbiz.de/10008732283
Persistent link: https://www.econbiz.de/10003630854
behaviors and outcomes, universalists donate less money locally but more globally, are less likely to exhibit home bias in …
Persistent link: https://www.econbiz.de/10012118592
We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the...
Persistent link: https://www.econbiz.de/10012628730