Showing 1 - 10 of 515
Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...
Persistent link: https://www.econbiz.de/10014279738
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10012463694
consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …
Persistent link: https://www.econbiz.de/10011528156
incorporating (the level of) absolute wealth in the individual's utility function. …
Persistent link: https://www.econbiz.de/10012119128
Persistent link: https://www.econbiz.de/10010428170
Persistent link: https://www.econbiz.de/10012203286
Persistent link: https://www.econbiz.de/10011821632
Persistent link: https://www.econbiz.de/10010192698
Persistent link: https://www.econbiz.de/10010347108
Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility … robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …
Persistent link: https://www.econbiz.de/10012462308