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The relative risk aversion measure that represents the risk preferences of a decision maker depends on the outcome variable that is used as the argument of the utility function, and on the way that outcome variable is defined or measured. In addition, the relationship between any two such...
Persistent link: https://www.econbiz.de/10005709722
altruism is the dominant motive at the margin if parental income is low, but not so if parental income is high. I also find …
Persistent link: https://www.econbiz.de/10010959346
altruism or intended to be repayments of implicit parental loans taken up by children for human capital investment. For the …
Persistent link: https://www.econbiz.de/10005622267
This paper examines the altruistic model of bequest when a child inherits life standard aspirations from his parents. We prove that the impact of the aspiration effect on transfers can be positive or negative, depending on both the strength of inherited tastes and the coefficients of risk...
Persistent link: https://www.econbiz.de/10010837281
Persistent link: https://www.econbiz.de/10004965617
In this paper, we use the classical twin design to provide estimates of genetic and environmental influences on experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie evidence that these preferences are broadly heritable...
Persistent link: https://www.econbiz.de/10005190832
degree of short-term impatience, and the degrees of family and non family altruism. Short-term impatience and non family … altruism are found no to affect wealth but, contrarily to recent results of behavioural analysis, the three other parameters … with the degree of family altruism (wealth intended for bequests). The way preferences are measured allows to get rid of …
Persistent link: https://www.econbiz.de/10010739045
This paper examines the altruistic model of bequest when a child inherits life standard aspirations from his parents. We prove that the impact of the aspiration effect on transfers can be positive or negative, depending on both the strength of inherited tastes and the coefficients of risk...
Persistent link: https://www.econbiz.de/10011112827
introduce compassion in a noncooperative setting. If observed development aid is a guide, international altruism is small and …
Persistent link: https://www.econbiz.de/10005634602
Persistent link: https://www.econbiz.de/10005709890