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entrepreneurship is linked to personality traits with new evidence on the link between risk and time preference and self employment …Objectives: This study seeks to estimate whether individuals' risk and time preferences are predictive of self … employment status and entry. Prior Work: The low risk aversion of those who are self employed is well established in theory and …
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The literature has so far focused on the risk-return tradeoff in equity markets and ignored alternative risky assets … risk in the foreign exchange market. The paper provides new evidence on the intertemporal capital asset pricing model by … using high-frequency intraday data on currency and by presenting significant time-variation in the risk aversion parameter …
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The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain...
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We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice...
Persistent link: https://www.econbiz.de/10011737091