Narrow search
Showing 1 - 10 of 1,018
Cover Image
The individual and joint performance of economic preferences, personality, and self-control in predicting criminal behavior
Friehe, Tim; Schildberg-Hörisch, Hannah - 2014
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010235856
Cover Image
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
Cover Image
Heterogeneity in health insurance choice : an experimental investigation of consumer choice and feature preferences
Hermanns, Benedicta; Kairies-Schwarz, Nadja; Kokot, Johanna - 2023
We investigate heterogeneity in patterns of preferences for health insurance features using health insurance choice data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based on choice sets that vary in composition and size. We keep...
Persistent link: https://www.econbiz.de/10014305687
Cover Image
The gender reference point gap
Kettlewell, Nathan; Levy, Jonathan; Tymula, Agnieszka; … - 2023
Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...
Persistent link: https://www.econbiz.de/10014279738
Cover Image
The Illusion of Irrationality
Kontek, Krzysztof - 2009
This short paper shows that the Allais Paradox and the Common Ratio Effect - regarded as classic examples of the violation of the Expected Utility Theory Axioms - may be easily explained by assuming that changes in wealth (i.e. gains and losses) are perceived in relative terms. The preference...
Persistent link: https://www.econbiz.de/10013153294
Cover Image
The individual and joint performance of economic preferences, personality, and self-control in predicting criminal behavior
Friehe, Tim; Schildberg-Hörisch, Hannah - 2014
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010237753
Cover Image
Crime and self-control revisited : disentangling the effect of self-control on risk and social preferences
Friehe, Tim; Schildberg-Hörisch, Hannah - 2014
In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self-control is considered a fundamental cause of crime. Relating the arguments from both disciplines, this paper studies the relationship between self-control and both risk and...
Persistent link: https://www.econbiz.de/10010345126
Cover Image
A critical perspective on the conceptualization of risk in behavioral and experimental finance
Holzmeister, Felix; Huber, Christoph; Palan, Stefan - 2021
Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from numerous angles, this comment aims to offer a critical...
Persistent link: https://www.econbiz.de/10012591124
Cover Image
Behavioral welfare economics and risk preferences: a Bayesian approach
Gao, Xiaoxue Sherry; Harrison, Glenn W.; Tchernis, Rusty - 2020
We propose the use of Bayesian estimation of risk preferences of individuals for applications of behavioral welfare economics to evaluate observed choices that involve risk. Bayesian estimation provides more systematic control of the use of informative priors over inferences about risk...
Persistent link: https://www.econbiz.de/10012263314
Cover Image
Nerves of Steel? Stress, Work Performance and Elite Athletes
Savage, David A.; Torgler, Benno - 2009
There is a notable shortage of empirical research directed at measuring the magnitude and direction of stress effects …). Moreover, instead of asking individuals about their self-reported stress levels we observe workers’ behavior in situations that … the relationship between stress and performance, in an extreme pressure situation (football penalty kicks) in a winner …
Persistent link: https://www.econbiz.de/10014200084