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Disentangling Risk and Other-Regarding Preferences
Feldman, Paul; López Vargas, Kristian - 2023
behavioral patterns in the combined domain and is the first to disentangle elementary attitudes on risk, altruism, social …
Persistent link: https://www.econbiz.de/10014263591
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The evolutionary stability of optimism, pessimism and complete ignorance
Schipper, Burkhard - 2005
We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10010366542
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Observational Learning with Position Uncertainty
Monzón, Ignacio - 2016
Observational learning is typically examined when agents have precise information about their position in the sequence … individuals and receive a private signal about the state of the world. We show that social learning is robust to position … uncertainty. Under any sampling rule satisfying a stationarity assumption, learning is complete if signal strength is unbounded …
Persistent link: https://www.econbiz.de/10013000538
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Uncertainty-driven cooperation
Cetemen, Esat Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 1023-1058
We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...
Persistent link: https://www.econbiz.de/10012308721
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Social preferences under risk : the role of social distance
Montinari, Natalia; Rancan, Michaela - 2013
In many different contexts individuals take decisions on the behalf of others. However, little is known about how this circumstance affects the decision making process and influences the ultimate individuals ́choices. In this paper, we focus on the context of investment decisions and study if...
Persistent link: https://www.econbiz.de/10010252387
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Informal risk-sharing cooperatives : the effect of learning and other-regarding preferences
Barbet, Victorien; Bourlès, Renaud; Rouchier, Juliette - In: Journal of evolutionary economics : JEE 30 (2020) 2, pp. 451-478
Persistent link: https://www.econbiz.de/10012252894
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Risk preference and child labour : econometric evidence
Frempong, Raymond Boadi; Stadelmann, David - 2020
The literature suggests that the household invests in the human capital of a child member not only for altruistic reasons but also as insurance against future income shocks. Hence, the allocation of the child's time between school and work is a function of the risk preference of the household...
Persistent link: https://www.econbiz.de/10012200935
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Can altruism lead to a willingness to take risks?
Stark, Oded - 2023
study is needed because it is unclear how altruism influences the inclination of an altruistic person to take risks. Will … ability to make altruistic transfers? Or does altruism induce a person to resort to risky behavior because the reward for a … averse than a comparable person who is not altruistic: altruism is a cause of greater willingness to take risks. The finding …
Persistent link: https://www.econbiz.de/10014423411
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Sharing or gambling? : on risk attitudes in social contexts
Kocher, Martin; Krawczyk, Michal; Le Lec, Fabrice - 2013
This paper investigates experimentally whether risk attitudes are stable across social contexts. In particular, it focuses on situations where some resource (for instance, a position, decision power, a bonus) has to be allocated between two parties: the decision maker can either opt for sharing...
Persistent link: https://www.econbiz.de/10010350221
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Biased Learning under Ambiguous Information
Chen, Jaden Yang - 2021
model ambiguity has the following effects. First, it destroys correct learning even if infinitely many informative signals …
Persistent link: https://www.econbiz.de/10013234442