of the return on saving. We find non-linearity in the fractionof wealth saved, where the specific saving pattern depends … on the sign of the real return on savings. The amount of saving is nondecreasing in initial wealth and the riskiness of … benchmark level. The solution is given as a parametric decision rule with oneunknown parameter that depends on the distribution …

parameter in determining which of these four to choosein a specific setting, is the financial planner's surplus. The notion of … surplus connectshedge fund manager's incentive schemes with the idea of mental accounting as proposed inrecent behavioral …Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It …

We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … assumptions, the combination of these results leads to the conclusion that the higher action-orientedness of entrepreneurs can be … linked to their greater curiosity, but not to their lower level of loss aversion. Hence, we find support for the intuitive …

payments stop in the middle of the school career. To that end, I examine Mexico’s Progresa, which covered students only until … the end of middle school (at age 15) in its early years. The experimental setup permits to study the program’s impact on … likely rendered the respective samples of middle school graduates in the treatment and the control group incomparable. To …

We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01 – 2015 …, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty … impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football. …

each trial participants observe the outcomes of a mixed-gamble with gains and losses presented sequentially. To isolate the … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … weight on the decision. We find specific effects in the domain of losses, but not gains. A longer presentation duration of …

contextual factors. This distinction is fundamental for the economic implications of attention, but so far there is little … approaches by distinguishing between the impact of top-down and bottom-up attention. We accomplish this by separating agent … weighting of the attributes of choice options, while top-down attention is additionally associated with measures of loss …

mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large 'lab-in-the-field' experiment comparing entrepreneurs to managers - a suitable comparison group - and … employees (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and …

Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … attitudes? We study how in a problem of sequential search with costless recall the relation between a consumer's willingness to … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current …

estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of … ignored, we find completely differentestimates for ? . We conclude that in the case of lotteries with big prizes a …In this paper we analyze a large sample of individual responses to six lottery questions. Wederive a simultaneous …