Showing 1 - 10 of 2,623
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10011373818
are negativelycorrelated with a correlation coefficient of -.3. Furthermore we explain ? and ? by income,age, gender …
Persistent link: https://www.econbiz.de/10011333268
Persistent link: https://www.econbiz.de/10001791857
-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by …-specific and decisionspecific variation in attention and verify our framework in an eye-tracking experiment on risky choice. We … aversion. We discuss the insights regarding the nature of attention and its role in economic theory. …
Persistent link: https://www.econbiz.de/10012510861
Competition involves two dimensions, rivalry for resources and social-status ranking. In our experiment we exclude the … first dimension and investigate gender differences in the preference for status ranking. Participants perform a task under … being personal) and whether the ranking will be done by a man or a woman. We find no gender difference in mean status …
Persistent link: https://www.econbiz.de/10012026084
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 … gender difference in average chosen tax rates in the performance conditions. We find that this gender difference is mainly …
Persistent link: https://www.econbiz.de/10011523572
This paper points out the importance of Stochastic Dominance (SD) efficient sets being convex. We reviewclassic convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of assets and generalize them in the following aspects. First,...
Persistent link: https://www.econbiz.de/10011379506
that theory predicts an inversion when consumers are either risk or loss averse. In those cases, an increase in price …
Persistent link: https://www.econbiz.de/10011520488
We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility functions. We illustrate the consequences of this...
Persistent link: https://www.econbiz.de/10011382430
Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...
Persistent link: https://www.econbiz.de/10011386449