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Effects of stress on economic decision-making: Evidence from laboratory experiments
Delaney, Liam; Fink, Günther; Harmon, Colm - Scottish Institute for Research in Economics (SIRE) - 2014
intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral … economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10011075672
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Effects Of Stress On Economic Decision-Making: Evidence From Laboratory Experiments
Delaney, Liam; Fink, Günther; Harmon, Colm - School of Economics, Faculty of Arts and Social Sciences - 2014
intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral … economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10011094566
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Effects of Stress on Economic Decision-Making: Evidence from Laboratory Experiments
Delaney, Liam; Fink, Günther; Harmon, Colm P. - Institute for the Study of Labor (IZA) - 2014
intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral … economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10011105080
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Overconfidence, Risk Aversion and Individual Financial Decisions in Experimental Asset Markets
Michailova, Julija - Volkswirtschaftliche Fakultät, … - 2010
We investigate the influence of overconfidence and risk aversion on individual financial decision making in the experimental asset markets of the Smith, Suchanek and Williams (1988) type, with no informational asymmetries. Subjects, based on their pre-experimental overconfidence scores, were...
Persistent link: https://www.econbiz.de/10011266111
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Is there space for agreement on climate change? A non-parametric approach to policy evaluation
Dietz, Simon; Matei, Anca N. - Australian Agricultural and Resource Economics Society … - 2014
Economic evaluation of climate policy is notoriously dependent on assumptions about time and risk preferences, since reducing greenhouse gas emissions today has a highly uncertain payoff, far into the future. These assumptions have always been much debated. Rather than occupy a position in this...
Persistent link: https://www.econbiz.de/10010914452
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Why uncertainty matters: discounting under intertemporal risk aversion and ambiguity
Traeger, Christian - In: Economic Theory 56 (2014) 3, pp. 627-664
Uncertainty has an almost negligible impact on project value in the standard economic model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The illustration of this result relies on the discount rate, which is the crucial...
Persistent link: https://www.econbiz.de/10010949491
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Anticipations and Endogenous Present Bias
Galperti, Simone; Strulovici, Bruno - Center for Mathematical Studies in Economics and … - 2015
Persistent link: https://www.econbiz.de/10011212085
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Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change
Helgeson, Jennifer; Dietz, Simon; Atkinson, Giles D.; … - In: Economics - The Open-Access, Open-Assessment E-Journal 3 (2009), pp. 1-28
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10005082949
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Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change
Atkinson, Giles D.; Dietz, Simon; Helgeson, Jennifer; … - Institut für Weltwirtschaft (IfW) - 2009
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10005083419
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian - CESifo - 2012
)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010544183