This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a method integrating interactive experiments and...

Eine Folge der Vereinigung Deutschlands war, daß eine wachsende Zahl ostdeutscher Arbeitnehmer zu einem Arbeitsplatz in Westdeutschland pendelte. Als im Jahre 1991 schließlich über 300 000 Personen zu "Westpendlern" geworden waren, wurde dies in Ostdeutschland mit großer Skepsis betrachtet,...

Recent research has repeatedly demonstrated that well-being typically evinces precipitous deterioration close to the end of life. However, the determinants of individual differences in these terminal declines are not well understood. In this study, we examine the role of perceived personal...