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Schmidt, Ulrich; Neyse, Levent; Aleknonyte, Milda - 2015

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent experimental evidence however shows that the income of peers has a systematic impact on observed degrees of risk aversion. In particular, subjects strive for balance in the...

Persistent link: https://www.econbiz.de/10010532452

Surviving the Titanic disaster : economic, natural and social determinants

Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2009

The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...

Persistent link: https://www.econbiz.de/10003808139

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S. - 2008

This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10012769705

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2008

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10014214088

Lab in the field : measuring preferences in the wild

Genîzî, Ûrî; Imas, Alex - 2016

begin by examining how the methodology has been used to test economic models with populations of theoretical interest. Next … covariates to test theoretical predictions and explore behavioral mechanisms. We proceed to discuss how the methodology can be … utilized to compare behavior across cultures and contexts, and test for the external validity of results obtained in the lab …

Persistent link: https://www.econbiz.de/10011489364

Self-selection into economics experiments is driven by monetary rewards

Abeler, Johannes; Nosenzo, Daniele - 2013

Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...

Persistent link: https://www.econbiz.de/10009738333

Self-selection into economics experiments is driven by monetary rewards

Abeler, Johannes; Nosenzo, Daniele - 2013

Persistent link: https://www.econbiz.de/10009740435

A field study of Chinese migrant workers' attitudes toward risks, strategic uncertainty, and competitiveness

Hao, Li; Houser, Daniel; Mao, Lei; Villeval, Marie-Claire - 2014

Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences from non-migrants in risk and ambiguity preferences...

Persistent link: https://www.econbiz.de/10010360288

Risk Preferences Under Extreme Poverty : A Field Experiment

Caballero, Gustavo Adolfo - 2011

Until now, the dominant belief concerning the relationship between poverty and risk aversion is that the poor are more risk averse. If the poor are more risk averse, then they will choose “low risk-low return” activities that trap them in poverty. However, both empirical and experimental...

Persistent link: https://www.econbiz.de/10013132331

Stereotypes and Risk Attitudes : Evidence from the Lab and the Field

Leuermann, Andrea - 2012

Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this paper, we deploy an artefactual field experiment and study whether subjects - non-professionals and - financial professionals - are aware of these correlations. This is largely...

Persistent link: https://www.econbiz.de/10013100728

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