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In this paper we utilise data from a unique new birth-cohort study to see how the risk preferences of young people are … entrance at age 18) has no effect on risk preferences measured at age 20. This is in contrast to experimental studies that use … between the impact of gender on risk attitudes and the hypothetical lottery investment suggests that impatience and framing …
Persistent link: https://www.econbiz.de/10010289842
socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After …
Persistent link: https://www.econbiz.de/10010308548
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …, and information on behavioral choices and determined the equilibria. We observed that the participants' risk attitudes …
Persistent link: https://www.econbiz.de/10010291803
For our experiment on corruption we designed a coordination game to model the influence of risk attitudes, beliefs, and … information on behavioral choices and determined the equilibria. We observed that the participants' risk attitudes failed to …
Persistent link: https://www.econbiz.de/10010301733
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10010277023
Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … during decisions under risk and which neural processes underly (risky) investment decisions are important goals in …-related activations in space and dynamics in time. Further, we classify the risk attitudes of all subjects based on the estimated …
Persistent link: https://www.econbiz.de/10010319198
Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks … significantly alter risk attitudes over time, but there is no consensus on the direction. In this paper, we investigate whether risk … rainfall data for rural Thailand and Vietnam. Our econometric analysis shows that temporal variability in risk attitudes is …
Persistent link: https://www.econbiz.de/10011889596
We conduct a prisoner’s dilemma experiment with a punishment/reward stage, where punishments and rewards are risky …. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …
Persistent link: https://www.econbiz.de/10011422167
experiment. To identify the causes of risk taking by groups, we compare individual to group decisions in three scenarios. The … in 100% of the cases where outstanding individuals are risk averse, while group polarization appears to be more likely … towards outstanding risk loving subjects. Intra-group payoff conflict shifts these likelihoods, supporting the importance of …
Persistent link: https://www.econbiz.de/10012230963
different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …
Persistent link: https://www.econbiz.de/10010295915