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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 investigations. This may however raise an issue of sequentiality of effects as later choices may be influenced by earlier ones. This paper reports instead between-subject results on the...

Persistent link: https://www.econbiz.de/10010277023

Incentive Effects on Risk Attitude in Small Probability Prospects

Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10008527318

Choosing the Joneses : Endogenous Goals and Reference Standards

Knell, Markus; Falk, Armin - 2004

A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast findings from social...

Persistent link: https://www.econbiz.de/10010261901

Gender, affect and intertemporal consistency: an experimental approach

McLeish, Kendra N.; Oxoby, Robert J. - 2007

We conduct experiments in which participants made multiple intertemporal decisions throughout a seven week period. In addition to exploring dynamic consistency and the stability of single period discount rates, our experiments introduce a manipulation to identify the role of positive and...

Persistent link: https://www.econbiz.de/10010267789

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 endowment effect experiment by eliciting both WTA and...

Persistent link: https://www.econbiz.de/10010268137

The effect of incentive structure on heuristic decision making: the proportion heuristic

Oxoby, Robert J. - 2007

experiments designed to test the ways in which incentive mechanisms influence the use of a particular heuristic in decision …

Persistent link: https://www.econbiz.de/10010268187

Who remits? the case of Nicaragua

Naufal, George S. - 2007

status and the level of education of the head of the household both affect remittances. The decision to participate in the …

Persistent link: https://www.econbiz.de/10010268241

Decision-making by children

Lundberg, Shelly; Romich, Jennifer; Tsang, Kwok P. - 2007

In this paper, we examine the determinants of decision-making power by children and young adolescents. Moving beyond … of parental control of child behavior and child resistance. Using child reports of decision-making and psychological and … cognitive measures from the NLSY79 Child Supplement, we examine the determinants of shared and sole decision-making in seven …

Persistent link: https://www.econbiz.de/10010268524

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

Arranged' marriage, co-residence and female schooling: a model with evidence from India

Dasgupta, Indraneel; Maitra, Pushkar; Mukherjee, Diganta - 2008

We model the consequences of parental control over choice of wives for sons, for parental incentives to educate daughters, when the marriage market exhibits competitive dowry payments and altruistic but paternalistic parents benefit from having married sons live with them. By choosing uneducated...

Persistent link: https://www.econbiz.de/10010268922