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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik C. - 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
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Gender Differences in Risk Aversion : Do Single-Sex Environments Affect Their Development?
Booth, Alison L. - 2011
economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …
Persistent link: https://www.econbiz.de/10013118042
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Trust and Trustworthiness Under the Prospect Theory : A Field Experiment in Vietnam
Nguyen, Quang - 2012
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …
Persistent link: https://www.econbiz.de/10013099719
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa A. - 2012
We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that individuals who recently suffered a flood or earthquake...
Persistent link: https://www.econbiz.de/10013099808
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The Relationship between Economic Preferences and Psychological Personality Measures
Becker, Anke - 2012
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality – such as the Big Five and...
Persistent link: https://www.econbiz.de/10013107699
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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
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Confucianism and Preferences : Evidence from Lab Experiments in Taiwan and China
Liu, Elaine - 2013
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being...
Persistent link: https://www.econbiz.de/10013073810
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Raising the Bar : Causal Evidence on Gender Differences in Risk-Taking from a Natural Experiment
Böheim, René - 2020
We analyze data from top-tier professional athletes and find that female and male athletes differ in the timing and in the extent of their reactions to a change of the rules which increased the risk of failure. Male athletes increased risk-taking in the more risky environment immediately after...
Persistent link: https://www.econbiz.de/10012842043
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Sorting, Incentives and Risk Preferences : Evidence from a Field Experiment
Shearer, Bruce - 2006
The, often observed, positive correlation between incentive intensity and risk has been explained in two ways: the presence of transaction costs as determinants of contracts and the sorting of risk-tolerant individuals into firms using high-intensity incentive contracts. The empirical importance...
Persistent link: https://www.econbiz.de/10012779651
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Performance Pay and Multi-Dimensional Sorting : Productivity, Preferences and Gender
Dohmen, Thomas J. - 2006
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …
Persistent link: https://www.econbiz.de/10012780523