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The behavioralist goes to school: Leveraging behavioral economics to improve educational performance
Levitt, Steven D.; List, John A.; Neckermann, Susanne; … - 2012
Decades of research on behavioral economics have established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little...
Persistent link: https://www.econbiz.de/10010309241
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Parental Risk Attitudes and Children's Secondary School Track Choice
Heineck, Guido; Wölfel, Oliver - 2010
educational attainment of dependent children. We add to this literature and examine children's secondary school track choice in … paternal risk preferences but a strong negative impact of maternal risk aversion on children's enrollment in upper secondary …
Persistent link: https://www.econbiz.de/10011600986
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Parental risk attitudes and children's secondary school track choice
Heineck, Guido; Wölfel, Oliver - 2010
educational attainment of dependent children. We add to this literature and examine children's secondary school track choice in … paternal risk preferences but a strong negative impact of maternal risk aversion on children's enrollment in upper secondary …
Persistent link: https://www.econbiz.de/10010274690
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Parental risk attitudes and children's secondary school track choice
Heineck, Guido; Wölfel, Oliver - 2010
educational attainment of dependent children. We add to this literature and examine whether parent's risk attitudes relate to … children's secondary school track choice in Germany where tracking occurs at age ten and has a strong binding character. Our … children's enrollment in upper secondary school. …
Persistent link: https://www.econbiz.de/10010286653
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Parental guidance and supervised learning
Lizzeri, Alessandro; Siniscalchi, Marciano - 2006
We propose a simple theoretical model of supervised learning that is potentially useful to interpret a number of empirical phenomena. The model captures a basic tradeoff between sheltering the child from the consequences of his mistakes, and allowing him to learn from experience. We characterize...
Persistent link: https://www.econbiz.de/10010266272
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Happiness as a driver of risk-avoiding behavior
Goudie, Robert J. B.; Mukherjee, Sach; De Neve, Jan-Emmanuel - 2011
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10010274789
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Robust estimation of wage dispersion with censored data: An application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2012
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10010282144
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Does gender affect investors' appetite for risk? Evidence from peer-to-peer lending
Barasinska, Nataliya - 2011
This study investigates the role of gender in financial risk-taking. Specifically, I ask whether female investors tend to fund less risky investment projects than males. To answer this question, I use real-life investment data collected at the largest German market for peer-to-peer lending....
Persistent link: https://www.econbiz.de/10010286304
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Cognitive skills, gender and risk preferences
Booth, Alison L.; Katic, Pamela - 2012
In this paper we utilise data from a unique new birth-cohort study to see how the risk preferences of young people are affected by cognitive skills and gender. We find that cognitive ability (measured by the percentile ranking for university entrance at age 18) has no effect on risk preferences...
Persistent link: https://www.econbiz.de/10010289842
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Early life conditions and financial risk-taking in older age
Christelis, Dimitris; Dobrescu, Loretti I.; Motta, Alberto - 2011
Using life-history survey data from eleven European countries, we investigate whether childhood conditions, such as socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After controlling for the corresponding conditions in...
Persistent link: https://www.econbiz.de/10010308548