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take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …
Persistent link: https://www.econbiz.de/10012915178
early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a …
Persistent link: https://www.econbiz.de/10013081828
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in … 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
We find a strong relationship between risk-loving preferences and cognitive ability which becomes stronger as adherence … relationship between risk preferences and cognitive ability for the human population as a whole irrespective of socio …
Persistent link: https://www.econbiz.de/10014083710
Risk theories typically assume individuals make risky choices using probability weights that differ from objective …
Persistent link: https://www.econbiz.de/10013109419
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012868010
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10013111204
In this paper we utilise data from a unique new birth‐cohort study to see how the risk preferences of young people are … entrance at age 18) has no effect on risk preferences measured at age 20. This is in contrast to experimental studies that use … between the impact of gender on risk attitudes and the hypothetical lottery investment suggests that impatience and framing …
Persistent link: https://www.econbiz.de/10013097868
investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the … population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an … in the experiments, and with greater risk aversion. This relationship is robust to controlling for personal …
Persistent link: https://www.econbiz.de/10013317128
This paper provides evidence on the impacts of non-cognitive skills and attitudes towards risk on the decision to …
Persistent link: https://www.econbiz.de/10012947732