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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 …We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon …
Persistent link: https://www.econbiz.de/10013081828
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 …
Persistent link: https://www.econbiz.de/10013073810
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
stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …
Persistent link: https://www.econbiz.de/10012864857
chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …
Persistent link: https://www.econbiz.de/10013075784
representative survey of firm managers. Risk-tolerant and risk-averse decision makers have significantly different training …We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our … conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive …
Persistent link: https://www.econbiz.de/10013405955
are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more …, Montevideo, San José. In addition to the experiment which reveals interesting cross-country differences, participants completed …
Persistent link: https://www.econbiz.de/10013136481
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use … patterns. Our findings indicate that risk-loving and skilled people are more mobile over longer distances because they are more … distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals …
Persistent link: https://www.econbiz.de/10013099712