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We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … choices between lotteries of the form proposed by Eeckhoudt and Schlesinger (2006). The choices in these lotteries isolate … individual's level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …
Persistent link: https://www.econbiz.de/10013125126
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …
Persistent link: https://www.econbiz.de/10013099719
This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in...
Persistent link: https://www.econbiz.de/10013103582
We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … choices between lotteries of the form proposed by Eeckhoudt and Schlesinger (2006). The choices in these lotteries isolate … individual's level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …
Persistent link: https://www.econbiz.de/10013109051
choice-based conjoint (ACBC) experiment comprising of 3,132 investment decisions made by 86 venture capitalists from the …
Persistent link: https://www.econbiz.de/10013066698
performance when facing risk. In a randomized field experiment we modified the framing of grading instructions of multiple …. According to our theoretical model, we expect the change in framing to decrease student non-response and increase student test … scores. Our experiment confirms that framing matters for risky decisions in the context of testing. It reveals that under the …
Persistent link: https://www.econbiz.de/10012839213
very low costs of cancelling an initiated purchase process. In a field experiment with more than 34,000 consumers, we find …
Persistent link: https://www.econbiz.de/10012892110
artefactual field experiment in rural China to investigate (i) consistency across incentivised experimental risk measures, (ii …
Persistent link: https://www.econbiz.de/10012936362
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment …
Persistent link: https://www.econbiz.de/10012823553
Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
Persistent link: https://www.econbiz.de/10012823766