Showing 1 - 10 of 5,402
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/10009240654
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard" risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions - characterized by substantial overweighting of small...
Persistent link: https://www.econbiz.de/10009621724
While political experts have long claimed that bad weather lowers voter turnout, the impact of weather on U.S. election … weather affects election outcomes not through its effect on turnout — as has long been assumed — but rather, through its … psychological effect on swing voters. Specifically, we find evidence that bad weather increases regret aversion among supporters of …
Persistent link: https://www.econbiz.de/10012935311
Persistent link: https://www.econbiz.de/10009574057
Persistent link: https://www.econbiz.de/10003586378
Persistent link: https://www.econbiz.de/10011341355
Persistent link: https://www.econbiz.de/10011715346
Persistent link: https://www.econbiz.de/10011560476
Persistent link: https://www.econbiz.de/10011711726
This paper investigates the effects of competition outcomes on health by using U.S. Olympic medalist lifespans and medal colors as a natural experiment. Whereas the life expectancies of bronze and gold medalists do not differ significantly, life expectancy of silver medalists is about 2.4 and...
Persistent link: https://www.econbiz.de/10012947388