Showing 1 - 10 of 926
Persistent link: https://www.econbiz.de/10011410379
Cyber attacks can impair banks operations and precipitate bank runs. When digital infrastructure is shared, banks defend themselves by investing in cybersecurity but can free-ride on the security measures of others. Ex ante free-riding by banks interacts with the ex post coordination frictions...
Persistent link: https://www.econbiz.de/10013164708
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …
Persistent link: https://www.econbiz.de/10011405097
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group … an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …
Persistent link: https://www.econbiz.de/10012285502
We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are loss averse. In a first …
Persistent link: https://www.econbiz.de/10012146346
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …
Persistent link: https://www.econbiz.de/10011762533
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …
Persistent link: https://www.econbiz.de/10011959283
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …
Persistent link: https://www.econbiz.de/10014487321
We investigate whether the willingness to take investment risk is a sex-linked trait and link the results to the country’s gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on self-reported risk tolerance for Austria, Italy, the...
Persistent link: https://www.econbiz.de/10009720879
Randomized experiments are often viewed as the "gold standard" of scientific evidence but people's scepticism towards experiments has compromised their viability in the past. We study preferences for experimental policy evaluations in a representative survey in Germany (N1,900). We find that a...
Persistent link: https://www.econbiz.de/10012139067