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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

abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … observed in the corruption experiment. We explain our findings by a systematic underestimation of the overall probability of …

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

Framing Effects and Impatience : Evidence from a Large Scale Experiment

van der Heijden, Eline - 2013

We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...

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

Beliefs and Utility : Experimental Evidence on Preferences for Information

Falk, Armin - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10012983901

The Distribution of Ambiguity Attitudes

von Gaudecker, Hans-Martin; Wogrolly, Axel; Zimpelmann, … - 2022

This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate change. Estimating a structural...

Persistent link: https://www.econbiz.de/10014236203

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, 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 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

Why Pay Taxes When No One Else Does?

Epstein, Gil S. - 2009

In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...

Persistent link: https://www.econbiz.de/10013159940

Foundations of the Rank-Dependent Probability Weighting Function

Rablen, Matthew D. - 2019

The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function (PWF) in particular, has often been questioned. I examine the existence and shape of the PWF in a model allowing for optimism/pessimism over probability distributions and for...

Persistent link: https://www.econbiz.de/10012860507

Does the Choice of Well-Being Measure Matter Empirically? An Illustration with German Data

Decancq, Koen - 2014

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...

Persistent link: https://www.econbiz.de/10013044420

I (Don't) Like You! But Who Cares? Gender Differences in Same Sex and Mixed Sex Teams

Gerhards, Leonie - 2017

We study the effect of likability on female and male team behavior in a lab experiment. Extending a two-player public …

Persistent link: https://www.econbiz.de/10012954064

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