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Intuition and reasoning in choosing ambiguous and risky lotteries
Bergheim, Ralf; Roos, Michael W. M. - 2013
This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a novel experimental design which may help to tackle open questions from a fresh perspective. Instead of giving subjects the choice between risky and ambiguous Ellsberg urns, we let...
Persistent link: https://www.econbiz.de/10010188142
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Peer effects in risky choices among adolescents
Lucks, Konstantin E.; Lührmann, Melanie; Winter, Joachim - 2017
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
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Davis, Brent J.; Sutter, Matthias - 2017
uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … willingness to enter competition with uncertainty and ambiguity, but men react slightly more than women. Overall, both effects … contribute to men winning the tournament significantly more often than women under uncertainty and ambiguity. Hence, previous …
Persistent link: https://www.econbiz.de/10011719839
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Davis, Brent J.; Sutter, Matthias - 2017
uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … willingness to enter competition with uncertainty and ambiguity, but men react slightly more than women. Overall, both effects … contribute to men winning the tournament significantly more often than women under uncertainty and ambiguity. Hence, previous …
Persistent link: https://www.econbiz.de/10011722124
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Sutter, Matthias - 2019
. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity. …
Persistent link: https://www.econbiz.de/10012007413
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Sutter, Matthias - 2019
. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity. …
Persistent link: https://www.econbiz.de/10012015779
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Does payoff equity facilitate coordination? : a test of Schelling's conjecture
López-Pérez, Raúl; Pintér, Ágnes; Kiss, Hubert J. - 2013
Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate coordination in normal-form games with multiple equilibria - the more equitable equilibrium might be selected either because fairness makes it focal or because many individuals dislike...
Persistent link: https://www.econbiz.de/10010224794
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Impact of Formal Climate Risk Transfer Mechanisms on Risk-Aversion : Empirical Evidence from Rural Ethiopia
Haile, Kaleab K. - 2019
This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk preferences. Survey and experimental data were collected from smallholder farmers that have access to weather index-based crop insurance (WICI) in Ethiopia. We use an...
Persistent link: https://www.econbiz.de/10012866564
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Impact of formal climate risk transfer mechanisms on risk-aversion : empirical evidence from rural Ethiopia
Haile, Kaleab K.; Nillesen, Eleonora; Tirivayi, Nyasha - 2019
This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk preferences. Survey and experimental data were collected from smallholder farmers that have access to weather index-based crop insurance (WICI) in Ethiopia. We use an...
Persistent link: https://www.econbiz.de/10012030673
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Optimal Stopping with General Risk Preferences
Duraj, Jetlir - 2020
We give a full characterization of the continuation and stopping regions of optimal stopping of diffusions. We consider separately the case of a naive agent who is unaware of the possible time inconsistency in her behavior and the case of a sophisticated agent who is fully aware of such an...
Persistent link: https://www.econbiz.de/10012854784