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. This result is robust to the inclusion of individual risk measures and a broad array of controls. The findings also support …
Persistent link: https://www.econbiz.de/10010278260
data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard …We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we …
Persistent link: https://www.econbiz.de/10013205139
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect … their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab …
Persistent link: https://www.econbiz.de/10014469777
performance. For the reliable attribution of causality, however, surveys and field experiments, combined in a variety of mixed …In examining the study of government performance, this paper asks whether field experiments can improve the explanatory … precision of results generated by public opinion surveys. Survey research on basic health and education services sub …
Persistent link: https://www.econbiz.de/10010319929
We investigate various statistical methods for forecasting risky choices and identify important decision predictors. Subjects (n=44) are presented a series of 50/50 gambles that each involves a potential gain and a potential loss, and subjects can choose to either accept or reject a displayed...
Persistent link: https://www.econbiz.de/10012030990
We compare seven established risk elicitation methods and investigate how robustly they explain eleven kinds of risky … behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is … heterogeneous and, therefore, difficult to assess ex ante. Greater diversification across risk measures is conducive to closing this …
Persistent link: https://www.econbiz.de/10012038678
willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
three experiments (N = 1,993): in a preliminary experiment, we vary the payoffs over a large range. In our first main … our experiments and the complementary analyses is that cooperation in a PD increases with the gains of mutual cooperation …
Persistent link: https://www.econbiz.de/10014533918
This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …
Persistent link: https://www.econbiz.de/10010500224