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significant in several robustness checks and when controlling for a broad range of factors, including risk attitudes, IQ or family …
Persistent link: https://www.econbiz.de/10011401662
risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely …
Persistent link: https://www.econbiz.de/10010287584
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10011873540
individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions … ask for the reservation price of a hypothetical lottery and self-assessment of risk attitude on a 0-10 scale. We confirm … familiar findings: risk aversion dominates, women are more risk averse than men, risk aversion decreases with increasing …
Persistent link: https://www.econbiz.de/10010269679
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
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different … willingness to take risks whose behavioral relevance has been validated in previous work. As a measure of earnings risk, we use … relating earnings risk to the measure of individual risk preference, our evidence shows that individuals with low willingness …
Persistent link: https://www.econbiz.de/10010267608
-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10010282144
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the … the degree of risk taking depending on the incentives implied by the prize structure they face. I find that they are more …
Persistent link: https://www.econbiz.de/10010262085
risk taking. Expanding her dataset with more American observations and data for Germany, Spain and Italy, we find mixed … to attitudes towards risk taking. …
Persistent link: https://www.econbiz.de/10010271888
assess heritability in attitudes towards economic risk, and the extent to which this heritability differs between males and … risk are moderately heritable, with about 20 percent of the variation in these attitudes across individuals being linked to …) and Zhong, Chew, Set, Zhang, Xue, Sham, Ebstein and Israel (2009). While females are more risk averse than males, there is …
Persistent link: https://www.econbiz.de/10010275696