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first study examines the influence of language on the childrens ability to wait in a simple, incentivized experiment. We … relation between risk attitudes respectively time preferences and altruism in a donation experiment. We find that higher risk …
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Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties...
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