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laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between …
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We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and likelihood‐dependence are found to be important...
Persistent link: https://www.econbiz.de/10011994845
We propose a novel way of measuring trust in institutions, which draws on the experimental method used to elicit time preferences. Our measure is provided in the meaningful metric of the subjective probability of trustworthiness of the trustee. In a lab‐in‐the‐field setting in the...
Persistent link: https://www.econbiz.de/10014496994
We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011048224
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On-farm innovations have the potential to increase both agricultural productivity and income while mitigating environmental impacts. However, as adopting innovations can lead to risks, it is important to understand the role of farmers' risk attitudes. We quantified Dutch arable farmers' risk...
Persistent link: https://www.econbiz.de/10014500732
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experiments in using standardized, validated paradigms from the lab in targeting relevant populations in naturalistic settings. We …
Persistent link: https://www.econbiz.de/10014023427