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Migration, risk attitudes, and entrepreneurship: evidence from a representative immigrant survey
Batista, Catia; Umblijs, Janis - In: IZA Journal of Migration 3 (2014) 1, pp. 1-25
investigate the link between risk aversion and entrepreneurship in migrant communities. Using an original representative household … aversion and entrepreneurship. Our results show that the use of vignettes improves the significance of the results, as they … risk preferences and entrepreneurship reported in previous studies. Copyright Batista and Umblijs.; licensee Springer 2014 …
Persistent link: https://www.econbiz.de/10010949797
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Credit rationing or entrepreneurial risk aversion? A comment
Bonilla, Claudio A.; Vergara, Marcos - In: Economics Letters 120 (2013) 2, pp. 329-331
Cressy (2000) argues that the positive correlation between assets and the rate of business startups is due to DARA preferences. We show however that the required property is prudence, and prudence is consistent with DARA, IARA or CARA.
Persistent link: https://www.econbiz.de/10010678828
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Entrepreneurship training, risk aversion and other personality traits: Evidence from a random experiment
Fairlie, Robert W.; Holleran, William - In: Journal of Economic Psychology 33 (2012) 2, pp. 366-378
A growing literature examines the relationship between personality traits and entrepreneurship, but no previous studies … explore whether personality or psychological traits predispose individuals to benefit more from entrepreneurship training. To … address selection issues, we use novel data from the largest-ever randomized control experiment providing entrepreneurship …
Persistent link: https://www.econbiz.de/10010573771
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Credit rationing or entrepreneurial risk aversion? A comment
Vergara, Marcos; Bonilla, Claudio A. - Facultad de Economía y Negocios, Universidad del Desarrollo - 2012
Cressy (2000) argues that the positive correlation between assets and the rate of business startups is due to DARA preferences. We show however that the required property is prudence,and prudence is consistent with DARA, IARA or CARA.
Persistent link: https://www.econbiz.de/10011188891
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Risk and Choice: A Research Saga
Gollier, Christian; Hammitt, James; Treich, Nicolas - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013
As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …
Persistent link: https://www.econbiz.de/10010968958
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Epstein–Zin Utility in DICE: Is Risk Aversion Irrelevant to Climate Policy?
Ackerman, Frank; Stanton, Elizabeth; Bueno, Ramón - In: Environmental & Resource Economics 56 (2013) 1, pp. 73-84
Climate change involves uncertain probabilities of catastrophic risks, and very longterm consequences of current actions. Climate economics, therefore, is centrally concerned with the treatment of risk and time. Yet conventional assumptions about utility and optimal economic growth create a...
Persistent link: https://www.econbiz.de/10010987468
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Firm’s tax evasion in a principal-agent model with self-protection
Biswas, Rongili; Marchese, Carla; Privileggi, Fabio - In: Journal of Economics 110 (2013) 2, pp. 125-140
Gatekeepers have an increasing role in taxation and regulation. Whereas burdening them with legal liability for misconducts that benefit those who resort to their services actually discourages wrongdoings—as will be clarified in the article—an alienation effect can also arise. The gatekeeper...
Persistent link: https://www.econbiz.de/10010987603
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Solomonic separation: Risk decisions as productivity indicators
Miller, Nolan; Wagner, Alexander; Zeckhauser, Richard - In: Journal of Risk and Uncertainty 46 (2013) 3, pp. 265-297
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...
Persistent link: https://www.econbiz.de/10010987804
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On risk aversion, classical demand theory, and KM preferences
Mirman, Leonard; Santugini, Marc - In: Journal of Risk and Uncertainty 48 (2014) 1, pp. 51-66
Building on Kihlstrom and Mirman (Journal of Economic Theory, 8(3), 361–388, <CitationRef CitationID="CR4 … relationship between changes in risk aversion and classical demand theory. We show that the effect of risk aversion on optimal …
Persistent link: https://www.econbiz.de/10010987805