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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
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Higher order risk preferences: new experimental measures, determinants and field behavior
Schneider, Sebastian O.; Sutter, Matthias - 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/10012285580
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Higher order risk preferences : new experimental measures, determinants and field behavior
Schneider, Sebastian O.; Sutter, Matthias - 2020 - Version of August, 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/10012270596
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Higher order risk preferences: new experimental measures, determinants and field behavior
Schneider, Sebastian O.; Sutter, Matthias - 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/10012270691
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Higher order risk preferences : new experimental measures, determinants and field behavior
Schneider, Sebastian O.; Sutter, Matthias - 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/10012271496
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An Evolutionary Theory of Overconfidence and Loss Aversion in Adaptive Markets
He, Zhongzhi Lawrence - 2022
This paper develops an agent-based model of learning process that systematically organizes actual choice behavior along the path to equilibrium. The model relies on expected utility maximization to provide directions for economic agents to make choices at the margin toward their ends in adaptive...
Persistent link: https://www.econbiz.de/10013406315
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Preferences and decision support in competitive bidding
Fugger, Nicolas; Gillen, Philippe; Rasch, Alexander; … - 2017
standard preferences. We investigate whether the empirical breakdown of this equivalence is due to (non-standard) preferences … needed to derive the optimal bidding strategy). We first elicit measures of individual preferences and then manipulate the … differing complexity between the two formats rather than non-standard preferences. …
Persistent link: https://www.econbiz.de/10011753992
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Are you risk averse over other people's money?
Chakravarty, Sujoy; Harrison, Glenn W.; Haruvy, Ernan E.; … - In: Southern economic journal 77 (2011) 4, pp. 901-913
Persistent link: https://www.econbiz.de/10009154862
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Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors
Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - 2010
We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman [15], Selden [26], Epstein and Zin [9] and Quiggin [24] are well-ordered...
Persistent link: https://www.econbiz.de/10011753198
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Relative deprivation as a cause of risky behaviors
Stark, Oded - 2019
Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and economists. We obtain two results: (1) Holding individual i's...
Persistent link: https://www.econbiz.de/10012143474