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Individual-Level Loss Aversion in Riskless andRisky Choices

Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whetherpeople who are loss averse in riskless choices are also loss averse in risky choices. Wemeasure individual-level loss aversion in riskless choices in an endowment effect experimentby eliciting both WTA and...

Persistent link: https://www.econbiz.de/10005862335

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

Apps, Patricia F. - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …

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

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 …

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

Framing Effects and Impatience : Evidence from a Large Scale Experiment

van der Heijden, Eline - 2013

about the invested amount. The low frequency treatment stimulates decision makers to frame a sequence of risky decisions …

Persistent link: https://www.econbiz.de/10013089008

The Likelihood of Divorce and the Riskiness of Financial Decisions

Stark, Oded - 2019

We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...

Persistent link: https://www.econbiz.de/10012864857

Wage Premia for Newly Hired Employees : Theory and Evidence

Kampkötter, Patrick - 2011

We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...

Persistent link: https://www.econbiz.de/10013129084

The Context-Bound University Selectivity Premium

Milla, Joniada - 2017

In this paper I present a selective survey of the empirical literature on wage premium to university selectivity focusing mainly on the context of the country under analysis and the identification strategies employed. I then estimate the wage premium to university selectivity using Canadian data...

Persistent link: https://www.econbiz.de/10012946601

Managerial Incentives and Favoritism in Promotion Decisions : Theory and Field Evidence

Berger, Johannes - 2011

This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...

Persistent link: https://www.econbiz.de/10013128837

Moody Choice

Manzini, Paola - 2011

If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …

Persistent link: https://www.econbiz.de/10013133371

Independent Individual Decision-Makers in Household Models and the New Home Economics

Grossbard, Shoshana Amyra - 2010

Much of the recent literature in household economics has been critical of unitary models of household decision … discusses another alternative: independent individual models of decision-making that don't make any specific assumptions of … jointness of decision-making in households. Unitary models are typically associated with Gary Becker even though most of Becker …

Persistent link: https://www.econbiz.de/10013139037