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social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative …
Persistent link: https://www.econbiz.de/10003280790
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … the differences in ambiguity. -- Gender ; risk aversion ; ambiguity aversion …
Persistent link: https://www.econbiz.de/10003808595
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- Pricing under risk ; probability …
Persistent link: https://www.econbiz.de/10003958768
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10003942188
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the...
Persistent link: https://www.econbiz.de/10002455855
is a gender difference in the reference point, explaining the gender difference in risk aversion observed using … average have a significantly lower reference point. By acknowledging the reference point as a potential source of gender …
Persistent link: https://www.econbiz.de/10014279738
The causes of people's political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less...
Persistent link: https://www.econbiz.de/10010239263
norms, including the promotion of gender equality in place of the Confucian view of female 'inferiority'. Market … consequence social norms gradually changed again. In our experiment we investigate gender differences in competitive choices … regimes outlined above. In particular we investigate gender differences in competitive choices for different birth cohorts in …
Persistent link: https://www.econbiz.de/10011581634
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory experiment that manipulates the degree of competitiveness of the environment under equivalent monetary incentives. We find that competition increases risk aversion, especially for males, but not...
Persistent link: https://www.econbiz.de/10011664419
competitiveness. All of these aspects are analyzed with respect to the influence of age and gender, and we also consider the role of …
Persistent link: https://www.econbiz.de/10011949208