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Eliciting Discount Functions when Baseline Consumption changes over Time
Gerber, Anke; Rohde, Kirsten I.M. - 2010
Many empirical studies on intertemporal choice report preference reversals in the sense that a preference between a small reward to be received soon and a larger reward to be received later reverses as both rewards are equally delayed. Such preference reversals are commonly interpreted as...
Persistent link: https://www.econbiz.de/10010270217
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Higher Order Risk Preferences: Experimental Measures, Determinants and Related Field Behavior
Schneider, Sebastian O.; Sutter, Matthias - 2020
Higher order risk preferences are well-known for their relation with precautionary saving or portfolio allocation … measures of higher order risk preferences with field behavior. Field behavior is collected in an extensive survey, where we … findings on financial decision making and higher order risk preferences, and find that prudence is a strong predictor for …
Persistent link: https://www.econbiz.de/10012287931
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Employing of Extended Characteristic Surface Model for Forecasting of Demand in Tourism
Opiła, Janusz - 2020
Extended Characteristic Surface Model (eCSM) is a theoretical tool of general application designed for computing coefficients in stochastic (Monte Carlo) simulations in particular in multi equation stochastic econometric models. Econometric models are most often used for economic analysis of...
Persistent link: https://www.econbiz.de/10012288753
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Understanding Demand for COVID-19 Antibody Testing
Serra-Garcia, Marta; Szech, Nora - 2021
We study individual demand for COVID-19 antibody tests in an incentivized study on a representative sample of the US population. Almost 2,000 participants trade off obtaining an athome test kit against money. At prices close to zero, 80 percent of individuals want the test. However, this broad...
Persistent link: https://www.econbiz.de/10012623156
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Visualization in a Knowledge Transfer Process
Opiła, Janusz - 2018
Visualization is not only an important part of experimental data analysis process but also an efficient tool for transfer of acquired knowledge in multiple areas including, but not restricted to, ICT, general scientific discussion, innovation, data mining, decision support systems as well as...
Persistent link: https://www.econbiz.de/10011920477
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An axiomatic foundation of entropic preferences under Knightian uncertainty
Baumgärtner, Stefan; Engler, John-Oliver - 2018
foundation of preferences over lotteries with known payoffs over known states of nature and unknown probabilities of these … outcomes (“Knightian uncertainty"). We elaborate the fundamental idea that preferences over Knightian lotteries can be …) exists an additive and extensive real-valued function (\entropy function") that represents uncertainty preferences. It …
Persistent link: https://www.econbiz.de/10011892016
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A general framework for studying contests
Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2020
We develop a general framework to study contests, containing the well-known models of Tullock (1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on players' effort and skill, the latter being subject to symmetric uncertainty. The model is tractable, because a...
Persistent link: https://www.econbiz.de/10012287889
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Gender behavior in betting markets
Müller, Helge; Schumacher, Christoph; Feess, Eberhard - 2011
. This observation reconciles our findings with gender research on risk preferences and leads to new insights on the favorite …
Persistent link: https://www.econbiz.de/10010305932
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Do Transparent Moneyboxes increase Savings? A Note on Visual Feedback and Savings Behavior
Bohne, Albrecht; Alexandra, Avdeenko; Frölich, Markus; … - 2015
Limited attention may play a role in explaining the inability to reach savings goals (Karlan, McConnell, Mullainathan and Zinman, forthcoming). Presuming that attention is a scarce resource and important for the pursuit of saving plans, limits to attention in inter-temporal consumption and...
Persistent link: https://www.econbiz.de/10011301511
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Overconfidence, Underconfidence, and the Use of Persuasive Messages in the Attainment of Savings Goals
Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus; … - 2015
The presentation analyzes whether the success of persuasive messages depends on an individual's behavioral bias: If at the onset of a savings period saving goals are chosen with over- or underconfidence, i.e. individuals over- or underestimate their savings potential, individuals might save too...
Persistent link: https://www.econbiz.de/10011301578