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Persistent link: https://www.econbiz.de/10015070877
information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of cognition …
Persistent link: https://www.econbiz.de/10012416921
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008821664
to information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of …
Persistent link: https://www.econbiz.de/10012242996
aversion, along with a coefficient for ambiguity aversion. These are estimated controlling for survey data of sociodemographic … related to loss aversion or ambiguity aversion. …
Persistent link: https://www.econbiz.de/10011631008
We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …, we measure ambiguity attitudes and vary the source of ambiguity, using either the VBB or natural events. We find that the … VBB and natural events result in a similar degree of ambiguity aversion. Further, we find that, by manipulating the number …
Persistent link: https://www.econbiz.de/10015075038
We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of … an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …-taking which does not reverse over the following days. When ambiguity is high, the effect of sentiment looms larger. Survey …
Persistent link: https://www.econbiz.de/10012387918
We propose and axiomatically characterize a representation of ambiguity sensitive preferences. The distinguishing … maker exhibits a consistent tradeoff between risk and ambiguity concerns. Under our representation of her preferences, any … ambiguity. …
Persistent link: https://www.econbiz.de/10010491097
We explore the attitude towards risky career choices of young people in highly competitive environments. We empirically test which factors influence young elite athletes' tendency towards choosing a high-risk career option over a lower risk one; looking at the attitudes, of close to 1000 soccer...
Persistent link: https://www.econbiz.de/10012168408
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more risk-averse to imminent than to distant...
Persistent link: https://www.econbiz.de/10010482950