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transmission goes from risk tolerance via investments to profits. This is quite robust as it applies for past investments as well …Entrepreneurs tend to be risk tolerant but is more risk tolerance always better? In a sample of about 2,100 small … businesses, we find an inverted U-shaped relation between risk tolerance and profitability. This relationship holds in a simple …
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Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
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