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studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the …
Persistent link: https://www.econbiz.de/10012015779
Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk …
Persistent link: https://www.econbiz.de/10010360288
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … section for very small amounts. -- Risk attitude ; incentives ; decision ; experiment …
Persistent link: https://www.econbiz.de/10003910085
-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …
Persistent link: https://www.econbiz.de/10009568710
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
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...
Persistent link: https://www.econbiz.de/10003808595
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch …
Persistent link: https://www.econbiz.de/10003811220
outcomes. Our evidence is based on an experiment in which subjects repeatedly invest in two identical, uncorrelated, risky …
Persistent link: https://www.econbiz.de/10011865329
The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...
Persistent link: https://www.econbiz.de/10011946760
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning – longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003958768