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Enhancing the Efficacy of Teacher Incentives Through Loss Aversion : A Field Experiment

Fryer, Roland G. - 2012

Domestic attempts to use financial incentives for teachers to increase student achievement have been ineffective. In this paper, we demonstrate that exploiting the power of loss aversion--teachers are paid in advance and asked to give back the money if their students do not improve...

Persistent link: https://www.econbiz.de/10013103529

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Larson, Francis - 2016

strong empirical support consistent with myopic loss aversion (MLA). Yet, whether, and to what extent, such preferences … explain the equity premium puzzle is for marginal traders in markets to exhibit such preferences. Using minute …-by-minute trading observations from over 864,000 price realizations in a natural field experiment, we find data patterns consonant with …

Persistent link: https://www.econbiz.de/10012983660

Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?

Snowberg, Erik - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10013144509

Cognitive Imprecision and Small-Stakes Risk Aversion

Khaw, Mel - 2018

observe in a laboratory experiment …

Persistent link: https://www.econbiz.de/10012911706

Risk-Taking Behavior in the Wake of Natural Disasters

Cameron, Lisa A. - 2013

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

Gender Differences in Risk Aversion and Ambiguity Aversion

Borghans, Lex - 2010

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10012757873

Predicting Insurance Demand from Risk Attitudes

Jaspersen, Johannes Gerd; Ragin, Marc A.; Sydnor, Justin R. - 2022

Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …

Persistent link: https://www.econbiz.de/10013312498

Measuring the Output and Prices of the Lottery Sector : An Application of Implicit Expected Utility Theory

Yu, Kam - 2008

Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49...

Persistent link: https://www.econbiz.de/10012771827

Making Savers Winners : An Overview of Prize-Linked Savings Products

Kearney, Melissa S. - 2013

For over three centuries and throughout the globe, people have enthusiastically bought savings products that incorporate lottery elements. In lieu of paying traditional interest to all investors proportional to their balances, these Prize Linked Savings (PLS) accounts distribute periodic...

Persistent link: https://www.econbiz.de/10013094235

Risk Aversion and Clientele Effects

Blackburn, Douglas W. - 2009

We use traded options on growth and value indices to test for clientele differences in risk preferences. Value … in the late 1990's and early 2000's. We construct a model of time-varying clientele preferences that allows investors …

Persistent link: https://www.econbiz.de/10013156425

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