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We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large household survey. We find overall positive correlation between items and low explanatory power in terms of behavior. Using an average of seven risk elicitation...
Persistent link: https://www.econbiz.de/10011120336
This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … survey-experiment-relation which are available from the representative household survey and which are related to risk …
Persistent link: https://www.econbiz.de/10008800255
We conduct experiments on two different risk tasks with subjects from two neighboring ethnic groups, the matrilineal Mosuo and the patriarchal Yi in China. Women are more risk averse than men at both tasks within both ethnic groups. However, the gender gap is smaller in the Mosuo. Regressions...
Persistent link: https://www.econbiz.de/10010573048
In the television show Affari Tuoi a contestant is endowed with a sealed box containing a monetary prize between one cent and half a million euros. In the course of the show the contestant learns more information about the distribution of possible monetary prizes inside her box. Consider two...
Persistent link: https://www.econbiz.de/10005627793
shown by Carol Dweck’s life-long research. In this paper, we conduct a field experiment to investigate whether self … mindset subjects are less over-confident than growth mindset persons, the latter earning the highest incomes in our experiment … literature on behavioral finance, in our experiment, the higher the degree of overconfidence, the lower the investment in risky …
Persistent link: https://www.econbiz.de/10011146222
prefer a delayed resolution of risk due to positive anticipatory emotions. This conjecture is tested in an experiment with …
Persistent link: https://www.econbiz.de/10011257350
This paper provides evidence from a field experiment on the effect of psychological pressure in competitive … environments. In our experiment, we analyze a setup of sequential tournaments, in which participants are matched in pairs and …
Persistent link: https://www.econbiz.de/10010729998
We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011048224
We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … individual’s level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …
Persistent link: https://www.econbiz.de/10011091811
experiment, we analyze a setup of sequential tournaments, in which participants are matched in pairs and experience a kind of …
Persistent link: https://www.econbiz.de/10010615441