Showing 1 - 10 of 257
This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher …
Persistent link: https://www.econbiz.de/10011380730
Gender differences in voting patterns and political attitudes towards redistribution are well-documented. The … experimental gender literature suggests several plausible behavioral explanations behind these differences, relating to gender … differences in confidence concerning future relative income position, risk aversion, and social preferences. We use data from lab …
Persistent link: https://www.econbiz.de/10011523572
in reunified Germany. This is observed for both genders and all offence types. We highlight risk attitude as an important … this preference for risk was then strongly transmitted to their children which may in turn explain their high criminal …
Persistent link: https://www.econbiz.de/10012149749
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708
We examine whether social preferences are determined by hormones. We do this by investigating whether markers for the strength of prenatal testosterone exposure (finger length ratios) and current exposure to progesterone and oxytocin (the menstrual cycle) are correlated with choices in social...
Persistent link: https://www.econbiz.de/10011385989
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the … increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is … necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. …
Persistent link: https://www.econbiz.de/10011386164
be risk averse, (ii) the bidders can have heterogeneous risk preferences, and (iii) the auction can have a binding … reserve price. Our analysis reveals that the premium has an intricate joint effect on risk sharing and expected revenue, which … in general benefits risk averse bidders. When the seller is more risk averse than the pivotal bidder - a condition often …
Persistent link: https://www.econbiz.de/10010234599
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
Overconfidence seems to be an essential aspect of human nature, and one way to study overconfidence is to consider students' forecasts of their exam grades. Part of a student's grade expectation is based on the student's previous academic achievements; what remains can be interpreted as...
Persistent link: https://www.econbiz.de/10011688320
questions on knowledge of the existence of HIV, HIV prevention, HIV stigma, intended pregnancy, and risk perceptions of engaging … type of knowledge are important in condom use. Low risk perceptions of engaging in unprotected sex and not knowing that … men and women. Moreover, the large predictive power of high-risk perceptions of engaging in unprotected sex (while …
Persistent link: https://www.econbiz.de/10011386139