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We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868010
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868969
Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk …
Persistent link: https://www.econbiz.de/10011660762
We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions after receiving outcome information on previous decisions....
Persistent link: https://www.econbiz.de/10011874728
This article presents the results of an experiment designed to test theoretical predictions about the impact of public … compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … compensation programs. For example, results from our experiment confirm the prediction that the WTP for insurance is smaller under …
Persistent link: https://www.econbiz.de/10013127788
estimation approach. The behavioral models used for structural estimation are based on expected utility theory (EUT), prospect … theory (PT) and model parameters. The superiority of the models is also examined. The results of the structural estimations … collective risk preferences, 4) the switching phenomena that occur during Holt and Laury's experiment with lottery pairs can be …
Persistent link: https://www.econbiz.de/10012900353
choice elicitation methods for financial decisions. Our results continue to hold in an incentivized laboratory experiment. We …
Persistent link: https://www.econbiz.de/10012856405
This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss...
Persistent link: https://www.econbiz.de/10012438025
We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...
Persistent link: https://www.econbiz.de/10012059447
We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...
Persistent link: https://www.econbiz.de/10012024287