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This study investigates the extent to which gender differences in choosing to enter competitive tournaments are due to … ability, this measure eliminates gender differences in winner-take-all tournaments and, when entered with risk measures …, eliminates differences in ranked compensation tournaments. When the sample is split by career choice, there are no gender …
Persistent link: https://www.econbiz.de/10010573045
Persistent link: https://www.econbiz.de/10005809643
menus. Applications involve using inferred risk preferences to document demographic effects, e.g. gender, and to explain the …
Persistent link: https://www.econbiz.de/10014025528
In this laboratory experiment, we show that people incorporate irrelevant group information when evaluating others. Individuals from groups that perform badly on average receive low evaluations, even when it is known that the individuals themselves perform well. This group-bias occurs both in a...
Persistent link: https://www.econbiz.de/10010664372
Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience...
Persistent link: https://www.econbiz.de/10010580531
This article analyzes the impact of risk on decisions made by the poor within the context of the Individual Development Account (IDA) program. IDA is a matched savings program designed to help low-income households invest in appreciating assets. For these households, the risk involved with...
Persistent link: https://www.econbiz.de/10010717563
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. The assets are Arrow securities that correspond to three states of nature, where one state is risky with known probability and two states are...
Persistent link: https://www.econbiz.de/10011757224
The amount of redistribution people favor depends on socioeconomic factors and their views on fairness. This study, based on a representative survey conducted in Sweden, confirms earlier results: Higher incomes are correlated with wanting less redistribution, women are more in favor of...
Persistent link: https://www.econbiz.de/10011843068
The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper introduces the main elements of the duality theory (DT)...
Persistent link: https://www.econbiz.de/10013368182
result of gender-based investment attitudes. Women are likely to have cautious investment habits because - as a rule - they …
Persistent link: https://www.econbiz.de/10011601290