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Risk attitudes and private business equity
Fossen, Frank M. - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2012
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … and exit decisions. Nonpecuniary benefits of entrepreneurship, such as being independent in the workplace, also contribute …
Persistent link: https://www.econbiz.de/10010956186
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Risk Attitudes and Private Business Equity
Fossen, Frank M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … and exit decisions. Nonpecuniary benefits of entrepreneurship, such as being independent in the workplace, also contribute …
Persistent link: https://www.econbiz.de/10010544328
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Stated and revealed heterogeneous risk preferences in educational choice
Fossen, Frank M.; Glocker, Daniela - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010956162
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Manipulating reliance on intuition reduces risk and ambiguity aversion
Butler, Jeffrey V.; Guiso, Luigi; Jappelli, Tullio - Center for Financial Studies - 2013
Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010958753
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Risk Aversion, Wealth and Background Risk
Paiella, Monica; Guiso, Luigi - Society for Economic Dynamics - SED - 2004
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky security. We relate this measure to consumers' endowment and attributes and to measures of background risk and liquidity constraints. We...
Persistent link: https://www.econbiz.de/10004970351
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The Role of Risk Aversion in Predicting Individual Behaviours
Guiso, Luigi; Paiella, Monica - C.E.P.R. Discussion Papers - 2004
consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers’ decisions that in theory should … consistent with theory. We also use this indicator to address the importance of self-selection when relating indicators of risk …
Persistent link: https://www.econbiz.de/10005123824
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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010737594
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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - Institute for the Study of Labor (IZA) - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010743492
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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - Forschungsbasierte Infrastruktureinrichtung … - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010744676
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Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion
Butler, Jeffrey V.; Guiso, Luigi; Jappelli, Tullio - Centro Studi di Economia e Finanza (CSEF) - 2013
Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010801000