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HIV/AIDS, Risk Aversion and Intertemporal Choice
Lammers, Judith; van Wijnbergen, Sweder - 2007
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10010325511
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Risk Aversion and Social Networks
Kovarik, Jaromir; van der Leij, Marco J. - 2011
Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...
Persistent link: https://www.econbiz.de/10010325766
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Risk Aversion under Preference Uncertainty
Kraeussl, Roman; Lucas, Andre; Siegmann, Arjen - 2010
We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility functions. We illustrate the consequences of this...
Persistent link: https://www.econbiz.de/10010326065
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Reflection for higher order risk preferences
Bleichrodt, Han; van Bruggen, Paul - 2018
Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a reflection effect not only for second order risk...
Persistent link: https://www.econbiz.de/10011932350
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HIV/AIDS, Risk Aversion and Intertemporal Choice
Lammers, Judith; van Wijnbergen, Sweder - 2010
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conducted among students in South Africa to estimate risk and time preferences. These experimental data, based on multiple price lists developed by...
Persistent link: https://www.econbiz.de/10014220473
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Hurting hurts more than Helping helps: The Role of the Self-serving Bias
Offerman, Theo - 1999
This paper investigates an implication of the self-serving bias for reciprocalresponses. It is hypothesized that negative intentionality matters more thanpositive intentionality for reciprocating individuals with a self-servingattributional style. Experimental evidence obtained in the hot...
Persistent link: https://www.econbiz.de/10010324551
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Moral Property Rights in Bargaining with Infeasible Claims
Gächter, Simon; Riedl, Arno - 2003
In many business transactions, in labor-management relations, in internationalconflicts, and welfare state reforms bargainers hold strong entitlements that are oftengenerated by claims that are not feasible any more. These entitlements seem to considerablyshape negotiation behavior. By using the...
Persistent link: https://www.econbiz.de/10010324824
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Fair shares and selective attention
Amasino, Dianna; Pace, Davide; van der Weele, Joël J. - 2021
Attitudes towards fairness and redistribution differ along socio-economic lines, resulting in political conflict. To understand the formation of such views and find levers to affect them, we study the role of attention. In a large online experiment, we investigate how subjects allocate their...
Persistent link: https://www.econbiz.de/10012797224
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Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2000
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of …
Persistent link: https://www.econbiz.de/10010324483
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Uncertainty of Law and the Legal Process
Dari-Mattiacci, Guiseppe; Deffains, Bruno - 2006
and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …
Persistent link: https://www.econbiz.de/10010325161