Showing 1 - 10 of 680
In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in privatization (crowding-out effect). Vice-versa with...
Persistent link: https://www.econbiz.de/10011598289
Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members risk exposure, affects both risk taking and ex post sharing. The...
Persistent link: https://www.econbiz.de/10011660762
This paper investigates the effects of neighborhood size and network structure on strategic experimentation. We analyze … network structure affect risk taking. We find that group size has an effect on risk taking that is qualitatively in line with … equilibrium predictions. Introducing an asymmetry among agents in the same network with respect to neighborhood size leads to …
Persistent link: https://www.econbiz.de/10003944146
This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main features of a simple model of voluntary insurance between two agents. In the model, two individuals interact over a potential infinite horizon and suffer random income shocks....
Persistent link: https://www.econbiz.de/10014073184
Understanding cultural differences in risk perception is critical in an increasingly uncertain world. Here we examine the relationship between the individualism-collectivism continuum and risk perception around the world using a recently available dataset from the Lloyd’s Register Foundation...
Persistent link: https://www.econbiz.de/10013405703
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The fraction of women in economics has grown significantly over the last forty years. In spite of this, the differences in research output between men and women are large and persistent. These output differences are related to differences in the co-authorship networks of men and women: women...
Persistent link: https://www.econbiz.de/10011812175
This study explores the interplay between risk attitudes and trading network resilience of trading networks in small … limited network resilience, we uncover evidence of a positive association between risk aversion and the number of engaged … between behavioral factors and trading network resilience, underscoring the importance of considering village …
Persistent link: https://www.econbiz.de/10014349384