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A reconciliation of time preference elicitation methods
Drichoutis, Andreas; Nayga, Rodolfo - Volkswirtschaftliche Fakultät, … - 2013
discuss the claims of Andreoni and Sprenger (2012b) that "risk preferences are not time preferences" and assert that this may …
Persistent link: https://www.econbiz.de/10011260062
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Additive representation of separable preferences over infinite products
Pivato, Marcus - Volkswirtschaftliche Fakultät, … - 2011
Let X be a set of states, and let I be an infinite indexing set. Our first main result states that any separable, permutation-invariant preference order () on X^I admits an additive representation. That is: there exists a linearly ordered abelian group A and a `utility function' u:X--A such...
Persistent link: https://www.econbiz.de/10008805853
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An inquiry into the stability of Islamic Financial Services Institutions in terms of volatility, risk and correlations: A case study of Malaysia employing M-GARCH t-DCC and MODWT W...
Kamaruzdin, Thaqif; Masih, Mansur - Volkswirtschaftliche Fakultät, … - 2014
philosophy of risk sharing and strict rules governing its activities to be in line with Islamic Law (the Shariah), the industry … in correlation to the market implying that IFSIs volatility may be independent of the market due to assets that require … the risk taking in order to justify earnings. IFSIs may need to cooperate in developing risk management standards and …
Persistent link: https://www.econbiz.de/10011113217
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The 2 x 2 x 2 case in causality, of an effect, a cause and a confounder. A cross-over’s guide to the 2 x 2 x 2 contingency table
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2007
conditional independence. The paper gives a taxonomy of issues of confounding, a parameterization by risk or safety, and develops …
Persistent link: https://www.econbiz.de/10005789473
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How does the preference for increasing payments depend on the size and source of the payments?
Duffy, Sean; Smith, John; Woods, Kristin - Volkswirtschaftliche Fakultät, … - 2015
It is well-known that subjects can exhibit a preference for increasing payments. Smith (2009a) makes a related prediction that the difference between the preference increasing wage payments and the preference for increasing non-wage payments will be largest for intermediate payments. We find...
Persistent link: https://www.econbiz.de/10011275126
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Human capital investment by the poor: Informing policy with laboratory experiments
Eckel, Catherine; Johnson, Cathleen; Montmarquette, Claude - Volkswirtschaftliche Fakultät, … - 2012
behavioral characteristics, patience and attitude towards risk, are key to understanding the determinants of educational …’s education, but in contrast to investing in one’s own education, a subject’s attitude towards risk played no role. …
Persistent link: https://www.econbiz.de/10011259527
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Dynamic model of procrastination
Vrany, Martin - Volkswirtschaftliche Fakultät, … - 2010
Procrastination is the notorious tendency to postpone work for tomorrow. This paper presents a formal model of procrastination based on expectations and prospect theory, which differs signficantly from the prevalent model of O’Donoghue and Rabin. Subject is assumed to work on a task for...
Persistent link: https://www.econbiz.de/10009226805
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Time discounting for primary and monetary rewards
Reuben, Ernesto; Sapienza, Paola; Zingales, Luigi - Volkswirtschaftliche Fakultät, … - 2008
This paper shows that there is a positive and statistically significant correlation between the short-term discount … rate over a monetary reward and the short-term discount rate over a primary reward (chocolate). This correlation, however …
Persistent link: https://www.econbiz.de/10005835857
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Preference for increasing wages: How do people value various streams of income?
Duffy, Sean; Smith, John - Volkswirtschaftliche Fakultät, … - 2010
Prior studies have found that subjects prefer an improving sequence of income over a constant sequence, even if the constant sequence offers a larger present discounted value. However, little is known about how these preferences vary with the size of the wage payments. In each of our three...
Persistent link: https://www.econbiz.de/10008543045
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Ageing and Export Dependency
Vistesen, Claus - Volkswirtschaftliche Fakultät, … - 2009
The primary manifestation of the demographic transition in a modern economic context is through ageing and the primary transmission from ageing to the macro economy is through its effect on saving and investment behavior. These two effects taken together suggest a strong impact from the...
Persistent link: https://www.econbiz.de/10008544694