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Aging and attitudes towards strategic uncertainty and competition : an artefactual field experiment in a Swiss bank
Madiès, Thierry; Villeval, Marie-Claire; Wasmer, Malgorzata - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10009548637
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Can crop purchase programs reduce poverty and improve welfare in rural communities? : evidence from the food reserve agency in Zambia
Fung, Winnie; Liverpool-Tasie, Lenis Saweda; Mason, Nicole - 2015
of these programs. This article considers one such program, the Zambian Food Reserve Agency (FRA), which purchases maize … from smallholder farmers at a pan-territorial price that typically exceeds maize market prices in surplus production areas … effects of the FRA's maize marketing activities on smallholder farm household welfare. Results suggest that FRA activities …
Persistent link: https://www.econbiz.de/10011346613
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Risk attitudes and migration
Akgüç, Mehtap; Liu, Xingfei; Tani, Massimiliano; … - 2015
To contribute to a scarce literature, in particular for developing and emerging economies, we study the nature of measured risk attitudes and their consequences for migration. We also investigate whether substantial changes in the risk environment influences risk tolerance. Using the 2009 RUMiC...
Persistent link: https://www.econbiz.de/10011346769
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Migration, risk attitudes, and entrepreneurship : evidence from a representative immigrant survey
Batista, Catia; Umblijs, Janis - 2013
Do more risk loving migrants opt for self-employment? This is a question especially relevant for policymakers designing selective immigration policies in countries of destination. In order to provide a rigorous answer to it, we use a novel vignette-adjusted measure of risk preferences in the...
Persistent link: https://www.econbiz.de/10010223620
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Stated and revealed heterogeneous risk preferences in educational choice
Fossen, Frank M.; Glocker, Daniela - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010245919
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Loss aversion in the laboratory
Morrison, William G.; Oxoby, Robert J. - 2014
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find...
Persistent link: https://www.econbiz.de/10010379927
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Preferences and biases in educational choices and labor market expectations : shrinking the black box of gender
Reuben, Ernesto; Wiswall, Matthew; Zafar, Basit - 2013
Standard observed characteristics explain only part of the differences between men and women in education choices and labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for competitiveness and risk, this paper investigates whether these...
Persistent link: https://www.econbiz.de/10009792974
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Effects of stress on economic decision-making : evidence from laboratory experiments
Delaney, Liam; Fink, Guenther; Harmon, Colm - 2014
The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the...
Persistent link: https://www.econbiz.de/10010337421
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Do migrants send remittances as a way of self-insurance? : evidence from a representative immigrant survey
Batista, Catia; Umblijs, Janis - 2014
Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the literature, the question of identifying this relationship empirically has only begun to be explored. Using a unique representative survey of 1500 immigrants in the Greater Dublin...
Persistent link: https://www.econbiz.de/10010250039
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Gender wage gaps and risky vs. secure employment : an experimental analysis
Jung, Seeun; Choe, Chung; Oaxaca, Ronald L. - 2016
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of exposure to unemployment) and a secure job after...
Persistent link: https://www.econbiz.de/10011521155