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A Note on the Risk Behavior and Death of Homo Economicus
Johansson-Stenman, Olof - 2006
Recent papers by Cox and Sadiraj (2006) and Rubinstein (2006) have pointed out that expected utility theory is more general than has sometimes been acknowledged, and can hence not be refuted as easily by means of experiments. While acknowledging this fact, this note nevertheless demonstrates...
Persistent link: https://www.econbiz.de/10014055918
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Parental separation and the formation of economic preferences
Dahmann, Sarah Christina; Kettlewell, Nathan; Lam, Jack - 2022
. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …
Persistent link: https://www.econbiz.de/10012804345
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Parental separation and the formation of economic preferences
Dahmann, Sarah Christina; Kettlewell, Nathan; Lam, Jack - 2022
. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …
Persistent link: https://www.econbiz.de/10012938781
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Social risk effects : the "experience of social risk" factor
Diekert, Florian; Goeschl, Timo; König-Kersting, Christian - 2021
Anticipating "social risk", or risk caused by humans, affects decision-making differently from anticipating natural risk. Drawing upon a large sample of the US population (n=3,982), we show that the phenomenon generalizes to risk experience. Experiencing adverse outcomes caused by another human...
Persistent link: https://www.econbiz.de/10012598407
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Option Exercise With Temptation
Miao, Jianjun - 2013
This paper adopts the Gul and Pensendorfer self-control utility model to analyze an agent's option exercise decision under uncertainty over an infinite horizon. The agent decides whether and when to do an irreversible activity. He is tempted by immediate gratification and suffers from...
Persistent link: https://www.econbiz.de/10014026316
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Higher Order Risk Preferences : New Experimental Measures, Determinants and Field Behavior
Schneider, Sebastian O. - 2020
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences particularly … domains of field behavior. Thus our paper puts previous work that ignored higher order risk preferences into an encompassing …
Persistent link: https://www.econbiz.de/10012823553
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Higher Order Risk Preferences : New Experimental Measures, Determinants and Field Behavior
Schneider, Sebastian O. - 2020
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly … these domains of field behavior. Thus our paper puts previous work that ignored higher order risk preferences into an …
Persistent link: https://www.econbiz.de/10012823871
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Higher Order Risk Preferences : New Experimental Measures, Determinants and Field Behavior
Schneider, Sebastian O. - 2020
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences – particularly … these domains of field behavior. Thus our paper puts previous work that ignored higher order risk preferences into an …
Persistent link: https://www.econbiz.de/10012824248
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Goal Bracketing and Self-Control
Hsiaw, Alice - 2016
This paper studies the role of goal bracketing to attenuate time inconsistency. When setting non-binding goals for a multi-stage project, an agent must also decide how and when to evaluate himself against such goals. In particular, he can bracket broadly by setting an aggregate goal for the...
Persistent link: https://www.econbiz.de/10012979882
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A critical perspective on the conceptualization of risk in behavioral and experimental finance
Holzmeister, Felix; Huber, Christoph; Palan, Stefan - 2021
numerous angles, this comment aims to offer a critical perspective on the interactions between risk preferences (a latent trait …
Persistent link: https://www.econbiz.de/10012591124