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We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...
Persistent link: https://www.econbiz.de/10010510510
We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...
Persistent link: https://www.econbiz.de/10010530593
This paper explores inequalities in IQ and economic preferences between children from high and low socio-economic status (SES) families. We document that children from high SES families are more intelligent, patient and altruistic, as well as less risk-seeking. To understand the underlying...
Persistent link: https://www.econbiz.de/10012034138
This paper explores inequalities in IQ and economic preferences between children from high and low socio-economic status (SES) families. We document that children from high SES families are more intelligent, patient and altruistic, as well as less likely to be risk-seeking. To understand the...
Persistent link: https://www.econbiz.de/10011755575
This paper explores inequalities in IQ and economic preferences between children from high and low socio-economic status (SES) families. We document that children from high SES families are more intelligent, patient and altruistic, as well as less risk-seeking. To understand the underlying...
Persistent link: https://www.econbiz.de/10011763834
This paper provides the first empirical analysis on whether and how intergenerational transmission affects children's risk preferences by exploiting exogenous variation in parents' risk preferences. We utilize parents' experiences to earthquakes---one of the most unpredictable natural...
Persistent link: https://www.econbiz.de/10014351262
remains significant at conventional levels. We carry out the same exercise for patience and document no significant gender …
Persistent link: https://www.econbiz.de/10012012515
displays gender differences. This striking distance between the consensus and the data gathered with this elicitation method … provides a clean test of the presence of an outcome reporting bias in the risk and gender literature. Exploiting a large data … set of replications of Holt and Laury (2002), we find no evidence that the likelihood of reporting about gender …
Persistent link: https://www.econbiz.de/10011397652
We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no...
Persistent link: https://www.econbiz.de/10012007430
optimal. A theoretical framework and an experiment demonstrate that stochastic contracts implemented with small probabilities …
Persistent link: https://www.econbiz.de/10015053193