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choices being observed, compared to anonymity of choices, on risk taking in a laboratory experiment. I relate participants …' investments in a risky asset directly to social norms for risk taking that are elicited in an incentivized procedure. I find that … risk taking is not affected by the choice being observed by a matched participant. Nor do investments follow elicited norms …
Persistent link: https://www.econbiz.de/10011930435
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … asked to answer an extensive questionnaire covering risk perception and individual characteristics such as Big 5 personality … and financial literacy. Empirically, we observe a significant positive impact of linguistic uncertainty on risk perception …
Persistent link: https://www.econbiz.de/10013307955
Financial, managerial, and medical decisions often involve alternatives whose possible outcomes have uncertain probabilities. In contrast to alternatives whose probabilities are known, these uncertain alternatives offer the benefits of learning. In repeat-choice situations, such learning brings...
Persistent link: https://www.econbiz.de/10011049682
information, and control for risk attitude. We find that the strength-weight bias affects expectations, but that its magnitude is … incentive compatibility and controls for risk attitude considerably affect inferences on errors in expectations. …
Persistent link: https://www.econbiz.de/10011347344
. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions …We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process … 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
information, and control for risk attitude. We find that the strength-weight bias affects expectations, but that its magnitude is … incentive compatibility and controls for risk attitude considerably affect inferences on errors in expectations. …
Persistent link: https://www.econbiz.de/10011401661
We develop a new protocol, adapted from the Eckel and Grossman (2002, 2008) risk measure, to elicit skewness … preferences. The new lottery choices have the same expected payoffs and risk (variance) as the original choices, but with … increasing degrees of positive skewness. We find that our subjects are skewness-seekers. More importantly, positive skewness in …
Persistent link: https://www.econbiz.de/10010615292
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010294843
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010305955
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010278559