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We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet … with laboratory data on students for the same experiment to investigate effects of implementation mode and of subject pool … selection. We find that the frequency of errors in the lab experiment is drastically below that of the representative sample in …
Persistent link: https://www.econbiz.de/10013324852
There is little consensus on whether women are more generous than men; some research results indicate a higher propensity towards giving of female dictators, whilst others suggest the opposite. Two explanations have been put forward. According to the first one, women are more generous than men...
Persistent link: https://www.econbiz.de/10013026874
-induced selection") and self-selection of participants into the experiment. We find that both types of selection lead to a sample of …
Persistent link: https://www.econbiz.de/10013128213
Economic preferences – like time, risk and social preferences – have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has examined how and when economic preferences...
Persistent link: https://www.econbiz.de/10012926707
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10013159743
Being told the sex of your unborn child is a major exogenous 'shock'. In the first study of its kind, we collect before-and-after data from hospital wards. We test for the causal effects of learning child gender upon people's degree of risk-aversion. Using a standard Holt-Laury criterion, the...
Persistent link: https://www.econbiz.de/10012957502
This paper explores inequalities in IQ and economic preferences between children from high and low socio-economic status (SES) families. We document that children from high SES families are more intelligent, patient and altruistic, as well as less risk-seeking. To understand the underlying...
Persistent link: https://www.econbiz.de/10012942093
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch …
Persistent link: https://www.econbiz.de/10012764659
students. To do this, we conducted a high-stakes lab-in-the-field experiment in which participants played a series of online … experimental games and made incentivised decisions. The average payoff in the experiment was approximately 2.5 times higher than …
Persistent link: https://www.econbiz.de/10012870151
We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...
Persistent link: https://www.econbiz.de/10013023772