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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 …
Persistent link: https://www.econbiz.de/10013103529
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Risk, Uncertainty and Monetary Policy
Bekaert, Geert - 2010
The VIX, the stock market option-based implied volatility, strongly co-moves with measures of the monetary policy stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility ("uncertainty"), we find that a lax monetary policy decreases...
Persistent link: https://www.econbiz.de/10013137030
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Solomonic Separation : Risk Decisions as Productivity Indicators
Miller, Nolan H. - 2012
A principal provides budgets to agents (e.g., divisions of a firm or the principal's children) whose expenditures provide her benefits, either materially or because of altruism. Only agents know their potential to generate benefits. We prove that if the more "productive" agents are also more...
Persistent link: https://www.econbiz.de/10013096139
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Evaluating Asset Pricing Models with Limited Commitment Using Household Consumption Data
Krueger, Dirk - 2007
We evaluate the asset pricing implications of a class of models in which risk sharing is imperfect because of limited enforcement of intertemporal contracts. Lustig (2004) has shown that in such a model the asset pricing kernel can be written as a simple function of the aggregate consumption...
Persistent link: https://www.econbiz.de/10012775482
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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
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Incentivizing Calculated Risk-Taking : Evidence from an Experiment with Commercial Bank Loan Officers
Cole, Shawn Allen - 2013
We use an experiment with commercial bank loan officers to test how performance based compensation affects risk …-assessment and lending. High-powered incentives lead to greater screening effort and more profitable lending decisions. This effect … incentives does not vary with traits such as risk-aversion, optimism or overconfidence. Finally, we present evidence that …
Persistent link: https://www.econbiz.de/10013075422
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Memory and Representativeness
Bordalo, Pedro - 2019
interference. In a new laboratory experiment on cued recall, participants are shown two groups of images with different …
Persistent link: https://www.econbiz.de/10012889953
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The Influence of Probability on Risky Choice : A Parametric Examination
Lattimore, Pamela K. - 2010
The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a result of empirical evidence which suggests that individuals do not behave in a manner consistent with the prescriptive tenets of EUT. In this paper, we explore the influence of...
Persistent link: https://www.econbiz.de/10012760030
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Deterministic and Stochastic Prisoner'S Dilemma Games : Experiments in Interdependent Security
Kunreuther, Howard; Silvasi, Gabriel; Bradlow, Eric; … - 2021
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10013224436
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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