Showing 1 - 10 of 356
This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and … representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which … child becomes older. These findings show that parenthood leads to considerable changes in individual risk attitudes over …
Persistent link: https://www.econbiz.de/10010498567
. While part of this effect may be explained by gender differences in risk attitudes and overconfidence, previous studies have … experimental design. In contrast to the literature, our results imply that the whole gender gap is driven by risk attitudes and … attributed the majority of the gender gap to gender differences in a separate 'competitiveness' trait. We re-examine this result …
Persistent link: https://www.econbiz.de/10011597970
advice primarily on gender. -- Gender ; risk aversion ; financial behavior …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 …
Persistent link: https://www.econbiz.de/10009720879
strong evidence for gender-specific norms in risk taking. While these explain part of the existing gender gap in risk taking … choices being observed, compared to anonymity of choices, on risk taking in a laboratory experiment. I relate participants …' investments in a risky asset directly to social norms for risk taking that are elicited in an incentivized procedure. I find that …
Persistent link: https://www.econbiz.de/10011930435
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … 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
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared … to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate … educational choice, which involves the comparison of risky future income paths and therefore depends on risk and time preferences …
Persistent link: https://www.econbiz.de/10010249634
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss aversion (Köszegi and Rabin (2006, 2009)) in the context of dynamic and static auctions, where the reference point is given by the (endogenous) equilibrium outcome. If agents update...
Persistent link: https://www.econbiz.de/10011762533
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss aversion (Köszegi and Rabin (2006, 2009)) in the context of dynamic and static auctions, where the reference point is given by the (endogenous) equilibrium outcome. If agents update...
Persistent link: https://www.econbiz.de/10011959283
A recent literature emphasizes the importance of the gender gap in willingness to compete as a partial explanation for … gender differences in labor market outcomes. However, whereas experiments investigating willingness to compete typically do … image concerns. If such image concerns are important, we should expect public observability to further exacerbate the gender …
Persistent link: https://www.econbiz.de/10011705210
is best explained by reference-dependent risk preferences and reference-dependent strategic sophistication. We discuss …
Persistent link: https://www.econbiz.de/10011626601