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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010333257
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Cognitive skills explain economic preferences, strategic behavior, and job attachment
Burks, Stephen V.; Carpenter, Jeffrey P.; Götte, Lorenz; … - 2008
Economic analysis has said little about how an individual's cognitive skills (CS's) are related to the individual's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee truckers...
Persistent link: https://www.econbiz.de/10010268681
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Using Behavioral Economic Experiments at a Large Motor Carrier: The Context and Design of the Truckers and Turnover Project
Burks, Stephen V.; Carpenter, Jeffrey; Götte, Lorenz; … - Institute for the Study of Labor (IZA) - 2007
The Truckers and Turnover Project is a statistical case study of a single firm and its employees which matches proprietary personnel and operational data to new data collected by the researchers to create a two-year panel study of a large subset of new hires. The project’s most distinctive...
Persistent link: https://www.econbiz.de/10005703760
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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - Institute for the Study of Labor (IZA) - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010743492
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Cognitive Skills Explain Economic Preferences, Strategic Behavior, and Job Attachment
Burks, Stephen V.; Carpenter, Jeffrey P.; Goette, Lorenz; … - Institute for the Study of Labor (IZA) - 2008
Economic analysis has said little about how an individual’s cognitive skills (CS's) are related to the individual’s preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee...
Persistent link: https://www.econbiz.de/10005761801
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Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution
Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2020
novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … share of their wealth in their own businesses when they are more willing to take risks. These associations are stronger …
Persistent link: https://www.econbiz.de/10012497852
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Quasi-hyperbolic time preferences and their intergenerational transmission
Kosse, Fabian; Pfeiffer, Friedhelm - 2013
This study explores the intergenerational transmission of time preferences and focuses on the question which specific aspects of mother's time preference are related to her preschool child's ability to delay gratification. We provide a new procedure for assessing the parameters of a...
Persistent link: https://www.econbiz.de/10010293166
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The Relationship between Health and Schooling: What's New?
Grossman, Michael - 2015
Many studies suggest that years of formal schooling completed is the most important correlate of good health. There is much less consensus as to whether this correlation reflects causality from more schooling to better health. The relationship may be traced in part to reverse causality and may...
Persistent link: https://www.econbiz.de/10011401626
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Choosing monetary sequences: theory and experimental evidence
Manzini, Paola; Mariotti, Marco; Mittone, Luigi - 2006
In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of monetary outcomes. The theoretical model assumes that a decision-maker uses, sequentially, two criteria to screen options. Each criterion only permits a decision between some...
Persistent link: https://www.econbiz.de/10010267977
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Behavioral foundations of microcredit: Experimental and survey evidence from rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10010269753