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Individual-level loss aversion in riskless and risky choices
Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - 2007
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in … riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an … manufacturer). All subjects also participate in a simple lottery choice task which arguably measures loss aversion in risky choices …
Persistent link: https://www.econbiz.de/10010268137
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Reference points and effort provision
Abeler, Johannes; Falk, Armin; Götte, Lorenz; Huffman, … - 2009
A key open question for theories of reference-dependent preferences is what determines the reference point. One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects...
Persistent link: https://www.econbiz.de/10010269296
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The "bomb" risk elicitation task
Crosetto, Paolo; Filippin, Antonio - 2012
loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. …
Persistent link: https://www.econbiz.de/10010287720
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Death, Happiness, and the Calculation ofCompensatory Damages
Oswald, Andrew J.; Powdthavee, Nattavudh - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper studies the mental distress caused by bereavement. The largest emotional lossesare from the death of a spouse; the second-worst in severity are the losses from the death ofa child; the third-worst is the death of a parent...
Persistent link: https://www.econbiz.de/10005861415
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Gender differences and dynamics in competition: The role of luck
Gill, David; Prowse, Victoria - 2010
observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss …
Persistent link: https://www.econbiz.de/10010269929
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Do Losses Trigger Deliberative Reasoning?
Carpenter, Jeffrey P.; Munro, David - 2022
There is a large literature evaluating the dual process model of cognition, including the biases and heuristic it implies. To advance this literature, we focus on what triggers decision makers to switch from the intuitive process (aka System 1) to the more deliberative process (aka System 2)....
Persistent link: https://www.econbiz.de/10013351831
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Gender Differences and Dynamics in Competition: The Role of Luck
Gill, David; Prowse, Victoria L. - Institute for the Study of Labor (IZA) - 2010
observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss …
Persistent link: https://www.econbiz.de/10008557222
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The Changing Profile of Mexican Migrants to the United States: New Evidence from California and Mexico
Cornelius, Wayne A.; Marcelli, Enrico A. - 2000
Using recent data from southern California and Mexico we challenge the notion that the demographic profile of post-1970 Mexican migrants to the United States has remained constant. We find that more recent cohorts of migrants: (1) are more likely to settle permanently in the United States, (2)...
Persistent link: https://www.econbiz.de/10010262427
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The narrowing of the US gender earnings gap, 1959 - 1999: a cohort-based analysis
Weinberger, Catherine; Kuhn, Peter - 2006
Using Census and Current Population Survey data spanning 1959 through 1999, we assess the relative contributions of two factors to the decline in the gender wage gap: changes across cohorts in the relative slopes of men's and women's age-earnings profiles, versus changes in relative earnings...
Persistent link: https://www.econbiz.de/10010267640
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Economic mobility, family background, and the well-being of children in the United States and Canada
Corak, Miles; Curtis, Lori; Phipps, Shelley - 2010
This comparative study of the relationship between family economic background and adult outcomes in the United States and Canada addresses three questions. First, is there something to explain? We suggest that the existing literature finds that there are significant differences in the degree of...
Persistent link: https://www.econbiz.de/10010269450