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This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the …
Persistent link: https://www.econbiz.de/10012757873
gender gap in risk preferences emerges in early adolescence. Second, we find that at all ages in our study, cognitive skills …
Persistent link: https://www.econbiz.de/10013233349
Studies of risk preference have empirically established two regularities that are inconsistent with the canonical expected utility model: (1) risk aversion over small gambles greatly exceeds risk aversion over larger stakes and (2) insurance buyers play the lottery. This paper characterizes risk...
Persistent link: https://www.econbiz.de/10012785960
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we … parameterize seventeen common structural models (e.g., expected utility, cumulative prospect theory). Subjects also make twelve …
Persistent link: https://www.econbiz.de/10013312498
This paper establishes that a low dimensional vector of cognitive and noncognitive skills explains a variety of labor market and behavioral outcomes. For many dimensions of social performance cognitive and noncognitive skills are equally important. Our analysis addresses the problems of...
Persistent link: https://www.econbiz.de/10013232036
promotion standards are chosen to maximize profit, the standards will reflect gender in ways that are difficult to distinguish …
Persistent link: https://www.econbiz.de/10013309243
method using data from an experiment with 550 participants who made choices over lotteries from multiple price lists …
Persistent link: https://www.econbiz.de/10012903763
We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games (using real money) with randomly selected individuals in rural Indonesia. We find that individuals who recently suffered a flood or earthquake exhibit more risk aversion....
Persistent link: https://www.econbiz.de/10013074295
lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we … observe in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012911706
identity salient to black subjects, non-immigrant blacks (but not immigrant blacks) make more patient choices. Making gender …
Persistent link: https://www.econbiz.de/10012767030