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Remittances, banking status and the usage of insurance schemes
Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010
can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …
Persistent link: https://www.econbiz.de/10003983213
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Estimating individual ambiguity aversion : a simple approach
Genîzî, Ûrî; Imas, Alex; List, John A. - 2015
as the importance of joint estimation. In addition, over our stakes levels we find no difference in the estimated …
Persistent link: https://www.econbiz.de/10010483592
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Happiness as a driver of risk-avoiding behavior
Goudie, Robert J. B.; Mukherjee, Sach; De Neve, Jan-Emmanuel - 2011
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10009127685
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Does voluntary risk taking affect solidarity? : experimental evidence from Kenya
Strobl, Renate; Wunsch, Conny - 2017
In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance … have important implications for policies that interact with existing informal insurance arrangements. …
Persistent link: https://www.econbiz.de/10011687995
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Does cost sharing really reduce inappropriate prescriptions?
Costa-Font, Joan; Gemmill-Toyama, Marin - 2010
This paper explores different empirical strategies to examine the effect of cost sharing for prescription drugs in some dimensions of medication-related quality, namely the probability of inappropriate prescription drug use among United States seniors. Using data from 1996 to 2005, we explore...
Persistent link: https://www.econbiz.de/10003951612
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Skewness preferences : evidence from online poker
Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024
We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe option and a binary risk of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives...
Persistent link: https://www.econbiz.de/10014486803
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Giving in the face of risk
Cettolin, Elena; Riedl, Arno; Tran, Giang - 2016
The decision how to share resources with others often needs to be taken under uncertainty on its allocational consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences interact in such situations. In this paper we provide...
Persistent link: https://www.econbiz.de/10011565561
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Children do not behave like adults : gender gaps in performance and risk taking within a random social context in the high-stakes game shows Jeopardy and Junior Jeopardy
Säve-Söderbergh, Jenny; Sjögren Lindquist, Gabriella - 2014
Using unique panel data, we compare cognitive performance and wagering behavior of children (10-11 years) with adults playing in the Swedish version of the TV-shows Jeopardy and Junior Jeopardy. Although facing the same well-known high-stakes game, and controlling for performance differences,...
Persistent link: https://www.econbiz.de/10010234522
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Cognitive imprecision and stake-dependent risk attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2022
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on the magnitude and sign of the relative risk premium,...
Persistent link: https://www.econbiz.de/10013364933
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Evidence on individual preferences for longevity risk
Delprat, Gae͏̈tan; Leroux, Marie-Louise; Michaud, … - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10009730526