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accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …
Persistent link: https://www.econbiz.de/10010319579
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies … plant of petroleum products. The method used for the analysis foresees a review of the main findings about risk perception …
Persistent link: https://www.econbiz.de/10011608544
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies … plant of petroleum products. The method used for the analysis foresees a review of the main findings about risk perception …
Persistent link: https://www.econbiz.de/10011608545
Internal communication has become an important factor in today's business world. The increased use of electronic media can, despite their obvious advantages, cause communication problems, i.e. information overload. By avoiding communication problems, the productivity of a company can be...
Persistent link: https://www.econbiz.de/10010305675
is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …
Persistent link: https://www.econbiz.de/10010271411
The determinants of risk attitude in couples are explored using data from the German Socio-Economic Panel over the … take risk. Responses to this question are provided on a 0-10 Likert scale. We focus on couples in the data set, and we … female's risk attitude. A number of individual characteristics, including age, height, education and household income, are …
Persistent link: https://www.econbiz.de/10010291807
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 … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10010277023
responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a 'cautious shift' as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …
Persistent link: https://www.econbiz.de/10010427574
This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation … of the experimentally derived risk attitude. This holds when we add various socio-demographic control variables to the …
Persistent link: https://www.econbiz.de/10010289009
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more … risk-averse to imminent than to distant risks, has an incentive to distort her future self's beliefs toward underestimating …
Persistent link: https://www.econbiz.de/10011341006