Narrow search
Showing 1 - 10 of 1,202
Cover Image
Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
Cover Image
Risk preferences are not time preferences : comment
Cheung, Stephen L. - 2012
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...
Persistent link: https://www.econbiz.de/10009575158
Cover Image
Effects of stress on economic decision-making : evidence from laboratory experiments
Delaney, Liam; Fink, Guenther; Harmon, Colm - 2014
economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10010337421
Cover Image
On the psychological foundations of ambiguity and compound risk aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...
Persistent link: https://www.econbiz.de/10014544917
Cover Image
The impact of education on the subjective discount rate in Ugandan villages
Bauer, Michal; Chytilová, Julie - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10003824853
Cover Image
Source country characteristics and immigrants’ migration duration and saving decisions
Kirdar, Murat G. - 2010
This paper examines how immigrants' migration duration and saving decisions in the host country respond to the purchasing power parity (ppp) and the wage ratio between the host and source countries. It is shown that in theory immigrants may stay longer in the host country as a result of an...
Persistent link: https://www.econbiz.de/10003959295
Cover Image
How general are time preferences? : eliciting good-specific discount rates
Ubfal, Diego - 2012
, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor … ; good-specific discounting ; savings ; poverty traps …
Persistent link: https://www.econbiz.de/10009575093
Cover Image
Impatience and uncertainty : experimental decisions predict adolescents' field behavior
Sutter, Matthias; Kocher, Martin; Glätzle-Rützler, Daniela - 2011
Persistent link: https://www.econbiz.de/10009356280
Cover Image
Impatience and uncertainty : experimental decisions predict adolescents' field behavior
Sutter, Matthias; Kocher, Martin; Glätzle-Rützler, Daniela - 2010
eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of … field behavior. -- experiments with children and adolescents ; risk ; ambiguity ; time preferences ; health status ; savings …
Persistent link: https://www.econbiz.de/10009315296
Cover Image
Predicting retirement savings using survey measures of exponential-growth bias and present bias
Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent. …
Persistent link: https://www.econbiz.de/10011902764