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Happiness as a driver of risk-avoiding behavior
Goudie, Robert J. B.; Mukherjee, Sach; De Neve, Jan-Emmanuel - 2011
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10010274789
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Happiness as a driver of risk-avoiding behavior
Goudie, Robert J. B.; Mukherjee, Sach; De Neve, Jan-Emmanuel - 2011
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10009127685
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Venture Capital in Clean Energy Innovation Finance : Insights from the U.S. Market during 2005-2014
Rai, Varun - 2015
Since emerging as a capital destination in the late 1990s, the experience of venture capital (VC) in clean energy …
Persistent link: https://www.econbiz.de/10013013465
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Innovation and Institutions : Rethinking the Economics of U.S. Science and Technology Policy
Frischmann, Brett M. - 2009
The U.S. promotes and produces innovation through a wide range of interdependent institutions, ranging from the grant of an intellectual property right to the direct funding of research. The justification for using multiple instruments is intuitively rather simple: no single institution would...
Persistent link: https://www.econbiz.de/10014066909
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The nature of risk preferences: Evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice that incorporates standard risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our estimates indicate that nonlinear...
Persistent link: https://www.econbiz.de/10010292086
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Looming large or seeming small? : attitudes towards losses in a representative sample
Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - 2022
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N = 3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013284901
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Does U.S. monetary policy respond to macroeconomic uncertainty?
Gomez, Thomas; Piccillo, Giulia - 2023
We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure … of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a … of being in a high-uncertainty regime. Second, we estimate a monetary policy reaction function that, apart from …
Persistent link: https://www.econbiz.de/10014265941
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Geographic, network, and competitor social cues : evidence from U.S. venture capitalists internationalization decisions
Vedula, Siddharth; Matusik, Sharon F. - In: Strategic entrepreneurship journal : SEJ 11 (2017) 4, pp. 393-421
Persistent link: https://www.econbiz.de/10011822222
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Complying with the Kyoto Protocol under uncertainty: Taxes or tradable permits?
Quirion, Philippe - 2002
The Kyoto Protocol on climate change allocates tradable quotas to developed countries, but let them free to choose the means to respect their quota. There are good reasons for a country not to control its firms through internationally tradable permits. We thus compare a tax and purely domestic...
Persistent link: https://www.econbiz.de/10011335728
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Human capital investments and expectations about career and family
Wiswall, Matthew; Zafar, Basit - 2016
This paper studies how individuals believe human capital investments will affect their future career and family life. We conducted a survey of high-ability currently enrolled college students and elicited beliefs about how their choice of college major, and whether to complete their degree at...
Persistent link: https://www.econbiz.de/10011536082