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Willingness to Accept, Willingness to Pay, and Loss Aversion
Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2023
We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We replicate the standard finding of an endowment effect–the divergence between Willingness to Accept (WTA) and Willingness to Pay (WTP), but document three new findings. First, we...
Persistent link: https://www.econbiz.de/10014290110
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Ermittlung des regionalen Bewässerungsbedarfs für die Landwirtschaft in Bayern
Bernhardt, Jacob Jeff; Rolfes, Lennart; Kreins, Peter; … - 2022
Die Herausforderungen des fortschreitenden Klimawandels stellen die globale Landwirtschaft zukünftig vor große Herausforderungen und erfordern durchdachte Anpassungsstrategien. So zählt eine Anpassung des Wassermanagements zu einer der großen Aufgaben, die es zu bewältigen gilt. Änderungen...
Persistent link: https://www.econbiz.de/10013348839
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Sustaining peace in Ethiopia: The end of the war in the North should be the prelude to fundamental governance reforms
Kurtz, Gerrit - 2023
The agreement signed by the Tigray People's Liberation Front (TPLF) and the Ethiopian government on 2 November 2022 offers a real chance to end one of the bloodiest wars in the world. The implementation of the agreement is going well so far. However, the peace process has brought into focus the...
Persistent link: https://www.econbiz.de/10014286853
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Abschätzung des Schadpotentials von Hochwasser- und Extremwetterereignissen für landwirtschaftliche Kulturen
Heidecke, Claudia; Offermann, Frank; Hauschild, Marlen - 2017
dryness and drought during different steps of the vegetation period and extreme heat in the blooming period lead to … considerable losses. In total the calculated sum of losses due to dryness, drought and heat are estimated to approximately 40 Mio …
Persistent link: https://www.econbiz.de/10011715979
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Extreme Weather and Civil War in Somalia: Does Drought Fuel Conflict through Livestock Price Shocks?
Maystadt, Jean-Francois; Ecker, Olivier; Mabiso, Athur - 2013
outbreaks with drought incidence and severity, we show that this causality is valid also for Somalia at the local level. We find … that livestock price shocks drive drought-induced conflicts through reducing the opportunity costs of conflict … aggravate Somalia's security challenges and calls for decisive action to strengthen both drought and conflict resilience …
Persistent link: https://www.econbiz.de/10010313318
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Can Adoption of Improved Maize Varieties Help Smallholder Farmers Adapt to Drought? Evidence from Malawi
Holden, Stein; Fischer, Monica - 2015
adoption of drought tolerant (DT) maize varieties, a technology that holds considerable promise for helping smallholder farmers … in SSA adapt to drought risk. Regression results revealed that DT maize cultivation increased substantially from 2006 to … having recently experienced drought and farmer risk aversion. As far as yield performance, improved maize varieties performed …
Persistent link: https://www.econbiz.de/10012624453
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Creating Attachment through Advertising: Loss Aversion and Pre–Purchase Information
Karle, Heiko - 2013
Complementing the existing literature on anchoring effects and loss aversion, we analyze how firms can influence loss–averse consumers’ willingness to pay by product information in the form of informative advertising rather than by prices. We find that consumers’ willingness to pay is...
Persistent link: https://www.econbiz.de/10011753241
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Risk attitudes and investment decisions across European countries: are women more conservative investors than men?
Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - 2009
This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...
Persistent link: https://www.econbiz.de/10010291778
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The Bomb risk elicitation task
Crosetto, Paolo; Filippin, Antonio - 2012
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10010291835
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Joint measurement of risk aversion, prudence and temperance
Ebert, Sebastian; Wiesen, Daniel - 2010
We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96...
Persistent link: https://www.econbiz.de/10010293367