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Overconfident people are more exposed to "black swan" events : a case study of avalanche risk
Bonini, Nicolao; Pighin, Stefania; Rettore, Enrico; … - 2015
exposure to risk. In this paper, we test whether overconfident people underestimate the probability of incurring an avalanche … under different levels of avalanche risk, we measured individual cognitive traits and then used a random effect logit model … overestimate their knowledge are also more likely to take the risk associated with a ski trip exposed to avalanche danger. This …
Persistent link: https://www.econbiz.de/10010513329
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The likelihood of divorce and the riskiness of financial decisions
Stark, Oded; Szczygielski, Krzysztof - 2019
stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …
Persistent link: https://www.econbiz.de/10012059447
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The gendered effects of climate change: production shocks and labor response in agriculture
Afridi, Farzana; Mahajan, Kanika; Sangwan, Nikita - 2021
, we find that women's workdays fall by 11% more than men's when a drought occurs, driven by former's lack of …
Persistent link: https://www.econbiz.de/10012592972
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Drought of opportunities : contemporaneous and long-term impacts of rainfall shocks on human capital
Shah, Manisha; Steinberg, Bryce Millett - 2015
Higher wages are generally thought to increase human capital production, particularly in the developing world. We introduce a simple model of human capital production in which investments and time allocation differ by age. Using data on test scores and schooling from rural India, we show that...
Persistent link: https://www.econbiz.de/10011375976
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Environmental disasters and migration
Mbaye, Linguère Mously; Zimmermann, Klaus F. - 2015
This paper reviews the effect of environmental disasters on migration. Although there is an increase of environmental disasters and migration over the past years, the relationship is complex. While some authors find that environmental disasters increase migration, others show that they have only...
Persistent link: https://www.econbiz.de/10011346755
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Protecting girls from droughts with social safety nets
Chatterjee, Jagori; Merfeld, Joshua D. - 2020
This paper revisits the relationship between agricultural productivity shocks and the infant sex ratio in India and investigates how this relationship changes when households have access to government-provided employment opportunities outside of agriculture. When a household's preference for...
Persistent link: https://www.econbiz.de/10012290762
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Surprising selection effects in the UK car insurance market
Cannon, Edmund S.; Cipriani, Giam Pietro; Bazar-Rosen, Katia - 2014
We document a large and persistent anomaly in the UK car insurance market over the period 2012-13: insurance companies charged a higher premium for third-party (liability) insurance than comprehensive insurance (which includes third-party). Furthermore, some companies charged higher prices for...
Persistent link: https://www.econbiz.de/10010355706
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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis
Gill, David; Prowse, Victoria L. - 2014
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10010364492
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The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
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Cognitive skills, strategic sophistication, and life outcomes
Fe, Eduardo; Gill, David; Prowse, Victoria - 2020
We investigate how childhood cognitive skills affect strategic sophistication and adult outcomes. In particular, we emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven hundred children in a variety of strategic...
Persistent link: https://www.econbiz.de/10012322040