Showing 1 - 10 of 258
This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to … inferred from decisions regarding hypothetical choiceproblems, we had participants put their own money at risk in a real … under delayed resolution (which involved two days). Affective traits and risk attitudes weremeasured through a web …
Persistent link: https://www.econbiz.de/10011374397
This paper experimentally investigates investment behavior.We find that global risk – i.e. risk independent of an agent …’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment … orientated theories of decision makingunder risk (e.g. prospect theory or regret theory). We discussthe economic relevance of the …
Persistent link: https://www.econbiz.de/10011317470
Choice shifts occur when individuals advocate a risky (safe) decision when acting as part of a group even though they prefer a safe (risky) decision when acting as individuals. Even though research in psychology and economics has produced a mass of evidence on this puzzling phenomenon, there is...
Persistent link: https://www.econbiz.de/10011715991
outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …
Persistent link: https://www.econbiz.de/10011348343
We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...
Persistent link: https://www.econbiz.de/10012228687
This paper demonstrates that well-established biases in decision making under uncertainty can generate poverty traps. A theoretical framework is developed to demonstrate that: i) probability weighting and ambiguity attitude can lead individuals to erroneously undervalue profitable investments,...
Persistent link: https://www.econbiz.de/10015062969
This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch firms in 1997. Weestimate several models...
Persistent link: https://www.econbiz.de/10011333261
We propose a semiparametric estimator to determine the effects of explanatory variables on the conditional interquantile expectation (IQE) of the random variable of interest, without specifying the conditional distribution of the underlying random variables. IQE is the expected value of the...
Persistent link: https://www.econbiz.de/10011622915
framework demonstrates that incorporating descriptively-valid theories of risk in a principal-agent setting leads to incentive …
Persistent link: https://www.econbiz.de/10013460007
Pesticide use in agriculture poses several risks to both human health and non-target agro-ecosystems. Due to lack of … to present a critical overview of the empirical literature on pesticide risk valuation that provides disaggregate … risk and to the nature of the risk scenario considered, as well to lay people's subjective perception of risks. …
Persistent link: https://www.econbiz.de/10011327835