Showing 181 - 190 of 696,654
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10013118350
Goldstein (2007) theory of teams. Team output is increasing in skill and in effort, skill and effort are complements, and …
Persistent link: https://www.econbiz.de/10013119633
planning horizons. Moreover, this hypothesis is tested in the cases of decision making under certainty, risk and uncertainty … deviations are considered, results are confirmed only in the case of decision making under uncertainty. This second finding has … been interpreted as suggesting that uncertainty on income seems to prevent participants from improving their decision …
Persistent link: https://www.econbiz.de/10013096664
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking … equating these to risk aversion measures defined in a mean-variance framework. This paper shows that while the legitimacy of … the mean-variance approach may hold under general conditions the additional assumptions invoked when estimating the risk …
Persistent link: https://www.econbiz.de/10013099686
Using a gift exchange experiment, we show that the ability of reciprocity to overcome incentive problems inherent in principal-agent settings is greatly reduced when the agent's effort is distorted by random shocks and transmitted imperfectly to the principal. Specifically, we find that gift...
Persistent link: https://www.econbiz.de/10013100248
In the studies of decision making under risk and time, an increasingly important question is whether the utility … representations should be the same for both circumstances. This study aims to test the separation between risk preference and time … correlated risks. Our results show that risk and time preferences are distinct, and furthermore support the notion proposed by …
Persistent link: https://www.econbiz.de/10013104328
uniform mean-preserving spread into stage-1 risk in a choice-based experimental setting. We do not observe consistent aversion … to mean-preserving spread in the stage-1 risk. More importantly, the observed behavioral patterns reject a number of …
Persistent link: https://www.econbiz.de/10013107768
decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …
Persistent link: https://www.econbiz.de/10013108628
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect … vary how risk profiles differ between individuals. We find strong evidence for adverse selection if individuals risk … profiles can be ranked according to first-order stochastic dominance and only little evidence for adverse selection if risk …
Persistent link: https://www.econbiz.de/10013082973
but did not affect choice quality. It seems that high time delays nudged decision-makers to think twice about how much and …
Persistent link: https://www.econbiz.de/10013082980