Showing 91 - 100 of 34,582
hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time …
Persistent link: https://www.econbiz.de/10011092021
This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on...
Persistent link: https://www.econbiz.de/10010983411
Employers use applicant signals to help solve an asymmetric information problem in organizations. In this paper, we examine the impact of validated Dark versus Light personality traits on incentivized behaviors important to organizations: task effort, honesty, and reciprocity. A second study...
Persistent link: https://www.econbiz.de/10015062026
Intergenerational correlations of risky health behaviors such as tobacco consumption are well established. However …-economic characteristics and also meaningful measures of individual discounting behavior, namely, general patience and impulsivity. This … preference for both, mothers and fathers. That is, an increasing level of patience of parents is associated with a lower smoking …
Persistent link: https://www.econbiz.de/10011616038
We study the cost of being too patient on happiness. We find that the relationship between patience and various … measures of subjective well-being is hump- shaped: it exists an optimal amount of patience that maximizes happiness. Beyond … this optimal level, higher levels of patience have a negative impact on well-being. …
Persistent link: https://www.econbiz.de/10012180093
Intergenerational correlations of risky health behaviors such as tobacco consumption are well established. However …-economic characteristics and also meaningful measures of individual discounting behavior, namely, general patience and impulsivity. This … preference for both, mothers and fathers. That is, an increasing level of patience of parents is associated with a lower smoking …
Persistent link: https://www.econbiz.de/10011443083
Using the new macro data on risk aversion and patience by Falk et al. (2018), I show that risk aversion and patience … correlation between patience and intelligence corroborates previous results based on micro data. Intelligent people tend to be …
Persistent link: https://www.econbiz.de/10011980330
We study the cost of being too patient on happiness. We find that the relationship between patience and various … measures of subjective well-being is hump-shaped: it exists an optimal amount of patience that maximizes happiness. Beyond this … optimal level, higher levels of patience have a negative impact on well-being. …
Persistent link: https://www.econbiz.de/10012159027
near zero and discounting is arbitrarily mild, long run capital and consumption may be arbitrarily close to zero with … occurs with high discounting if, and only if, risk aversion diverges to infinity sufficiently fast as consumption goes to … general version of the model, we outline sufficient conditions under which capital and consumption are bounded away from zero …
Persistent link: https://www.econbiz.de/10010292079
This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided.
Persistent link: https://www.econbiz.de/10010293486