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In the generalized expected utility framework, the multiplicative relationship between preferences and beliefs complicates the identification of risk preferences. In experimental or field settings, the respondent's decision weight must be known with certainty to confidently infer accurate...
Persistent link: https://www.econbiz.de/10013219819
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868010
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868969
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012022694
Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk …
Persistent link: https://www.econbiz.de/10011660762
ability”, such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we …
Persistent link: https://www.econbiz.de/10011452571
ability", such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we …
Persistent link: https://www.econbiz.de/10011608748
We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions after receiving outcome information on previous decisions....
Persistent link: https://www.econbiz.de/10011874728
a prisoner's dilemma game affects behavior and leads to discrimination. Running a framed field experiment with 828 six …
Persistent link: https://www.econbiz.de/10010529903
Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Specifically, if the value of the...
Persistent link: https://www.econbiz.de/10003887174