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Determination of Risk Aversion and Moment-Preferences : A Comparison of Econometric Models
Wenner, Fabian - 2002
The thesis at hand shows how to determine individual risk aversion with different discrete choice models, with gambles and jointly with both methods. The methods developed aim at allocating the investor's free part of wealth.
Persistent link: https://www.econbiz.de/10005844428
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Are preferences complete?An experimental measurement of indecisivenessunder risk
Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
We propose an experimental design allowing a behavioral test of the axiom ofcompleteness of individual preferences. The central feature of our design consistsin enabling subjects to postpone commitment at a small cost. Our main result isthat preferences are significantly incomplete. We use...
Persistent link: https://www.econbiz.de/10005866755
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Punishment with Uncertain Outcomesin the Prisoner’s Dilemma
Dürsch, Peter; Servátka, Maroš - Alfred-Weber-Institut für Sozial- und … - 2009
This paper experimentally investigates whether risk-averseindividuals punish less if the outcome of punishment is uncertain thanwhen it is certain. Our design includes three treatments: Baseline inwhich the one-shot prisoner’s dilemma game is played; CertainPunishment in which the prisoner’s...
Persistent link: https://www.econbiz.de/10005868379
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Searching for the Entrepreneurial Personality:New Evidence and Avenues for Further Research
Caliendo, Marco; Kritikos, Alexander - Institut zur Zukunft der Arbeit <Bonn> - 2011
Economic Psychology on “Personality and Entrepreneurship”.The contributions are clustered around questions regarding the … autonomy and alsoexternal role models, have on entrepreneurial decision making. On a more general note, it isclear that more … entrepreneurship research.... …
Persistent link: https://www.econbiz.de/10009353909
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Risk Aversion or Risk Management?: How Measuresof Risk Aversion Affect Firm Entry and Firm Survival
Cho, In Soo; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2011
The link between measured risk aversion and the decision to become an entrepreneur iswell established, but the link …
Persistent link: https://www.econbiz.de/10009360663
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Measuring Individual Risk Attitudes in the Lab: Task orAsk? An Empirical Comparison
Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - Cologne Graduate School in Management, Economics and … - 2011
This paper compares two prominent empirical measures of individualrisk attitudes | the Holt and Laury (2002) lottery-choice task and the multi-itemquestionnaire advocated by Dohmen, Falk, Human, Schupp, Sunde and Wagner(forthcoming) | with respect to (a) their within-subject stability over time...
Persistent link: https://www.econbiz.de/10009302654
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Valuing Protection against Low Probability,High Loss Risks: Experimental Evidence
Morone, Andrea; Ozdemir, Ozlem - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss … than to the variation in loss amountswhen they decide whether to buy the protective measure or not: choice decision. Yet …, theopposite is true when they decide the amount of willingness to pay for buying the protectivemeasure: payment decision. In …
Persistent link: https://www.econbiz.de/10005866644
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Individual and Couple Decision Behavior under Risk:The Power of Ultimate Control
de Palma, André; Picard, Nathalie; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and … decision process that takes place when couples make risky decisions. We find that in mostcouples men have more decision …-making power than women and that women’s decision-makingpower increases when they ultimately implement the joint decisions. …
Persistent link: https://www.econbiz.de/10005866693
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Illusion of control as a source of poor diversification: Anexperimental approach
Fellner, Gerlinde - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
This paper investigates factors influencing individual portfolio allocations withparticular focus on the role of illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to reach a targetinvestment profit, whereby equal...
Persistent link: https://www.econbiz.de/10005866777
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Do Individuals Recognize Cascade Behavior of Others? - An Experimental study
Stiehler, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In a cascade experiment subjects are confronted with artificial predecessors prdecting in line with the BHW model …
Persistent link: https://www.econbiz.de/10005866980