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Trust and trustworthiness under the prospect theory: A field experiment in Vietnam
Nguyen, Quang; Villeval, Marie-Claire; Xu, Hui - 2012
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …. We find that while probability sensitivity or risk aversion do not affect trust, loss aversion influences trust … indirectly by lowering the expectations of return. Also, more risk averse and less present biased participants are found to be …
Persistent link: https://www.econbiz.de/10010289986
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Incentive effects on risk attitude in small probability prospects
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10010277023
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A parametric analysis of prospect theory's functionals for the general population
Booij, Adam S.; van Praag, Bernard M. S.; van de … - 2009
individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10010277017
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Narrow bracketing and dominated choices
Rabin, Matthew; Weizsäcker, Georg - 2007
decisionmaker who does not have constant-absolute-risk-averse preferences and who evaluates her decisions one by one, there exists a …
Persistent link: https://www.econbiz.de/10010268303
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Explaining the favorite-longshot bias: Is it risk-love or misperceptions?
Snowberg, Erik; Wolfers, Justin - 2010
this phenomenon focus on rational gamblers who overbet longshots due to risk-love. The competing behavioral explanations …
Persistent link: https://www.econbiz.de/10010269869
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Loss aversion and labor supply
Goette, Lorenz; Huffman, David; Fehr, Ernst - 2003
In many occupations workers? labor supply choices are constrained by institutional rules regulating labor time and effort provision. This renders explicit tests of the neoclassical theory of labor supply difficult. Here we present evidence from studies examining labor supply responses in...
Persistent link: https://www.econbiz.de/10010261634
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A Parametric Analysis of Prospect Theory's Functionals for the General Population
Booij, Adam S.; Praag, Bernard M. S. van; van de … - Institute for the Study of Labor (IZA) - 2009
individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10005822425
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Life Satisfaction, Income and Personality
Proto, Eugenio; Rustichini, Aldo - Institute for the Study of Labor (IZA) - 2015
We use personality traits to better understand the relationship between income and life satisfaction. Personality traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and punishment, is strong in both the British Household...
Persistent link: https://www.econbiz.de/10011168446
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Prospect Theory and Tax Evasion: A Reconsideration of the Yitzhaki Puzzle
Piolatto, Amedeo; Rablen, Matthew D. - Institute for the Study of Labor (IZA) - 2013
The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss...
Persistent link: https://www.econbiz.de/10010884369
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Household Portfolio Choice, Reference Dependence, and the Marriage Market
Li, Wenchao; Song, Changcheng; Xu, Shu; Yi, Junjian - 2017
This paper bridges the financial market and the marriage market using a reference-dependent mechanism. Male-biased sex ratios induce families with sons to hold more risky assets, since competitive marital payment in a tight market raises the reference level of marriage expenditure for such...
Persistent link: https://www.econbiz.de/10011653256