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The Impact of Risk Perception and Risk Attitudes on Corrupt Behavior : Evidence from a Petty Corruption Experiment

Mir Djawadi, Behnud - 2013

We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers who frequently engage in illegal actions may underestimate the overall probability of being caught. This might in particular be true for petty corruption where small amounts of...

Persistent link: https://www.econbiz.de/10013081828

Do Measures of Risk Attitude in the Laboratory Predict Behavior Under Risk in and Outside of the Laboratory?

Charness, Gary - 2019

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a representative panel of the Dutch population, we test if these measures can explain two different types of behavior: (i) behavior in laboratory risky financial decisions, and (ii)...

Persistent link: https://www.econbiz.de/10012868010

Depression, Risk Preferences and Risk-Taking Behavior

Cobb-Clark, Deborah A. - 2019

Depression affects the way that people process information and make decisions, including those involving risk and uncertainty. Our objective is to analyze the way that depressive episodes shape risk preferences and risk-taking behaviors. We are the first to address this issue using large-scale,...

Persistent link: https://www.econbiz.de/10012870197

Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?

Snowberg, Erik - 2011

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/10013133624

Are Attitudes Towards Economic Risk Heritable? Analyses Using the Australian Twin Study of Gambling

Le, Anh Tram - 2010

This study employs multiple regression models based on DeFries and Fulker (1985), and a large sample of twins, to assess heritability in attitudes towards economic risk, and the extent to which this heritability differs between males and females. Consistent with Cesarini, Dawes, Johannesson,...

Persistent link: https://www.econbiz.de/10013145187

Gambling and the Use of Credit : An Individual and Household Level Analysis

Brown, Sarah - 2010

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/10013146840

Risk and Saving in Two-Person Households : More Scope for Precautionary Saving

Apps, Patricia - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10013099761

The Radical Innovation Investment Decision Refined

Bilkic, Natasa - 2013

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...

Persistent link: https://www.econbiz.de/10013083098

Does Everyone Use Probabilities? Intuitive and Rational Decisions About Stockholding

Binswanger, Johannes - 2013

We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...

Persistent link: https://www.econbiz.de/10013085047

Gender and Competition : Evidence from Jumping Competitions

Böheim, René - 2013

We analyze if female athletes differ from male athletes in their competitive behavior, using data from high jump and pole vault competitions. We estimate if female athletes use risky strategies as often as male athletes and whether or not their returns to risky strategies differ. Returns to...

Persistent link: https://www.econbiz.de/10013085469