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On the psychology of the relation between optimism and risk taking

Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2022

In this paper, we provide an explanation for why risk taking is related to optimism. Using a laboratory experiment, we … show that the degree of optimism predicts whether people tend to focus on the positive or negative outcomes of risky … behavior. This suggests that dispositional optimism may affect risk taking mainly by shifting attention to specific outcomes …

Persistent link: https://www.econbiz.de/10013470547

When "hope springs eternal": The role of chance in risk taking

Karelaia, Natalia; Hogarth, Robin - Department of Economics and Business, Universitat … - 2008

toward chance by those whose self-assessed skills are low and high. Making chance more important induces greater optimism for …

Persistent link: https://www.econbiz.de/10005029662

Twisting the truth: Foundations of wishful thinking

Kovach, Matthew - In: Theoretical Economics 15 (2020) 3, pp. 989-1022

induces such optimism. I introduce a behavioral axiom formalizing WT and derive a representation in which the agent …

Persistent link: https://www.econbiz.de/10013188993

Twisting the truth : foundations of wishful thinking

Kovach, Matthew - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 989-1022

induces such optimism. I introduce a behavioral axiom formalizing WT and derive a representation in which the agent …

Persistent link: https://www.econbiz.de/10012308717

The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height, Third Version

Persico, Nicola; Postlewaite, Andrew; Silverman, Dan - Department of Economics, University of Pennsylvania - 2001

Taller workers receive a wage premium. Net of differences in family background, the disparity is similar in magnitude to the race and gender gaps. We exploit variation in an individual’s height over time to explore how height affects wages. Controlling for teen height essentially eliminates...

Persistent link: https://www.econbiz.de/10005150202

Ambiguity, Pessimism, and Religious Choice

Melkonyan, Tigran; Pingle, Mark - Economics Department, University of Nevada-Reno; … - 2008

Using a relatively mild restriction on the beliefs of the MMEU-apreference functional, in which the decision maker’s degree of ambiguity and degree of pessimism are each parameterized, we present a rather general theory of religious choice in the decision theory tradition, one that can resolve...

Persistent link: https://www.econbiz.de/10005135357

The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height

Persico, Nicola; Postlewaite, Andrew; Silverman, Dan - Department of Economics, University of Pennsylvania - 2003

Taller workers receive a wage premium, and the disparity in wages is similar in magnitude to the race and gender gaps. We exploit the variation in an individual’s height over time to explore the ways in which height affects wages. Specifically, we show that for white males the effect of adult...

Persistent link: https://www.econbiz.de/10005061930

Religion and Faith: A Decision Theory Perspective

Melkonyan, Tigran; Pingle, Mark - Economics Department, University of Nevada-Reno; … - 2008

We examine the implications of decision theory for religious choice and evangelism, under the assumption that people choose their religion. The application of decision theory leads us to a broad definition of religion and a particular definition of faith, each related to the uncertainty...

Persistent link: https://www.econbiz.de/10005426899

Connected, but Qualified? Social Affiliations, Human Capital, and Service Professional Performance

Gubler, Timothy - 2020

While social capital has been found to play an important role in economic transactions when information is incomplete, it remains unclear how it interacts with human capital in transaction performance. This paper explores the complementarity between social affiliations and human capital in...

Persistent link: https://www.econbiz.de/10012855160

Beliefs and rationalizability in games with complementarities

Mathevet, Laurent - Volkswirtschaftliche Fakultät, … - 2012

player thinks his type is. The second characteristic, optimism, is related to how "favorable" a player expects the outcome of … and relatively simple expressions that feature type-sensitivity, optimism, and properties of the payoffs. Our results …

Persistent link: https://www.econbiz.de/10009422003