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During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of controversy is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from...
Persistent link: https://www.econbiz.de/10013190882
During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of debate is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from masking. We...
Persistent link: https://www.econbiz.de/10012617726
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
While economists in the past tended to assume that individual preferences, including risk preferences, are stable over time, a recent literature has developed that indicates that risk preferences respond to shocks. This paper combines survey data and field experiments with three different tools...
Persistent link: https://www.econbiz.de/10012668942
While economists in the past tended to assume that individual preferences, including risk preferences, are stable over time, a recent literature has developed and indicates that risk preferences respond to shocks. This paper utilizes a natural experiment with covariate (drought) and...
Persistent link: https://www.econbiz.de/10013502559
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