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men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …
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current paper contributes to this nascent stream of literature by studying the relationship between risk attitudes, trust … the context of energy studies, I show that trust is negatively correlated with household energy demand, while higher risk … that risk preferences may be related with overall appliance stock and the size of the rebound effect. …
Persistent link: https://www.econbiz.de/10011494881
virtual funds, and pure risk lotteries. These represent three different levels of uncertainty: two-sided ambiguity, one …-sided ambiguity and pure risk. Our results show a significant relationship between individual overconfidence and competence measures …
Persistent link: https://www.econbiz.de/10001727835
We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …
Persistent link: https://www.econbiz.de/10011874728
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … risk attitudes. Finally, we find that self-reported confidence correlates significantly with features of individual risk … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty …
Persistent link: https://www.econbiz.de/10011434351
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more … risk-averse to imminent than to distant risks, has an incentive to distort her future self’s beliefs toward underestimating …
Persistent link: https://www.econbiz.de/10010482950
We examine confidence in own absolute performance using two elicitation procedures: selfreported (non …-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former … somewhat reduced when we filter out the effects of risk attitudes. However, even after controlling for risk attitudes our …
Persistent link: https://www.econbiz.de/10010344292
We examine the relationship between confidence in own absolute performance and risk attitudes using two elicitation …. Finally, we find that self-reported confidence correlates significantly with features of individual risk attitudes including … procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a …
Persistent link: https://www.econbiz.de/10010439679