Showing 1 - 10 of 1,621
find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …
Persistent link: https://www.econbiz.de/10012213128
This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It … of the discount factor above which perfect risk sharing is self-enforcing. When agents face no aggregate risk, there is … of idiosyncratic and aggregate risk. In the case of exponential (isoelastic) utility, cooperation depends positively on …
Persistent link: https://www.econbiz.de/10003770693
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10010365868
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010371298
-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the … and the month preceding the date of the risk attitude elicitation. Using fixed effects regressions we observe effects of … that are aggregated over the previous month, however, relates to a decrease in risk aversion if the news are predominantly …
Persistent link: https://www.econbiz.de/10011444219
-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the … and the month preceding the date of the risk attitude elicitation. Using fixed effects regressions we observe effects of … that are aggregated over the previous month, however, relates to a decrease in risk aversion if the news are predominantly …
Persistent link: https://www.econbiz.de/10011451019
The willingness to trust human receivers is compared to the inclination to take lottery risk in six distinct scenarios … pure-risk lottery allocation, and paired comparisons reveal that investors sacrifice 5% of the expected payoff to trust … complement the accumulating evidence regarding physiological differences between trust and risk, in addition suggesting that the …
Persistent link: https://www.econbiz.de/10012956877
environments modify students’ risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth …
Persistent link: https://www.econbiz.de/10013315609
This paper examines the distributional impact of increases to out-of-work transfers, increases to work-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by standard snapshot analyses, increases to...
Persistent link: https://www.econbiz.de/10011718891