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One size doesn't fit all : plurality of social norms and saving behavior in Kenya

Fromell, Hanna; Nosenzo, Daniele; Owens, Trudy; Tufano, … - 2019

We measure the social norms of sharing income with kin and neighbors in villages in Kenya. We find a plurality of norms: from a strict norm prohibiting wealth accumulation to a norm facilitating saving. Several individual and social network characteristics predict the norms upheld; the pro-saving...

Persistent link: https://www.econbiz.de/10012131669

Decision Making Under Uncertainty : The Relation between Economic Preferences and Psychological Personality Traits

Schröder, David - 2020

Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while psychologists use personality traits to describe...

Persistent link: https://www.econbiz.de/10012851581

Choice Attributes and Behavioral Errors in Decision Making Under Risk : An Empirical Evaluation

Hakim, Lukman - 2022

introduced. Finally, our results show that the estimation of risk parameter under Expected Utility Theory is robust across … alternative stochastic models, whereas the risk parameters estimation under Rank Dependent Utility Theory exhibits some …

Persistent link: https://www.econbiz.de/10013298472

A complementary micro Coronavirus model under uncertainty and utility

Gander, James P. - 2020

coronavirus models. The micro model consists of two functions, a risk averse utility function depending on wellness and a wellness …

Persistent link: https://www.econbiz.de/10012243058

Past Exposure, Risk Perception, and Risk-Taking during a Local COVID-19 Shock

Lyu, Zhian; Liu, Chong; Liu, Liya; Zeng, Qi - 2022

While the constant exposure to coronavirus disease 2019 (COVID-19) has increased people’s risk perception toward COVID …-19, it has produced an opposite effect on risk-taking behavior. In the context of travel choices, this study examines the … contradictory relationship between individuals’ risk perception and risk-taking behavior under a local COVID-19 shock. We compare …

Persistent link: https://www.econbiz.de/10013306420

Intuitive versus contemplative : do entrepreneurs differ in their decision-making style from managers and employees?

Koudstaal, Martin; Sloof, Randolph; Praag, Mirjam van - 2017

We examine in a large survey (n = 1,928) how contemplative entrepreneurs, managers and employees are in their decision making styles. Besides two well-known subjective measures taken from psychology, we also build on Rubinstein (2016) by including two objective measures derived from response...

Persistent link: https://www.econbiz.de/10011739416

From individual choices to the 4-eyes-principle : the big robber game revisited among financial professionals and students

Bachler, Sebastian; Holzknecht, Armando; Huber, Jürgen; … - 2024

While headline news frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations, Al'os-Ferrer et al. (2022) introduced the Big...

Persistent link: https://www.econbiz.de/10014507161

Social proximity and misinformation: Experimental evidence from a mobile phone-based campaign in India

Armand, Alex; Augsburg, Britta; Bancalari, Antonella; … - 2023

We study how social proximity between the sender and the receiver of information shapes the effectiveness of preventive health campaigns. Focusing on shared religious affiliation as a signal of proximity, we implemented a field experiment during the initial phase of the COVID-19 pandemic in two...

Persistent link: https://www.econbiz.de/10014581868

Information provision over the phone saves lives: An RCT to contain COVID-19 in rural Bangladesh at the pandemic's onset

Chowdbury, Shyamal; Schildberg-Hörisch, Hannah; … - 2022

Lack of information about COVID-19 and its spread may have contributed to excess mortality at the pandemic's onset, In April and May 2020, we implemented a randomized controlled trial with more than 3,000 households in 150 Bangladeshi villages, Our one-to-one information campaign via phone...

Persistent link: https://www.econbiz.de/10013457201

Social proximity and misinformation: Experimental evidence from a mobile phone-based campaign in India

Armand, Alex; Augsburg, Britta; Bancalari, Antonella; … - 2022

We study how social proximity between the sender and the receiver of information shapes the effectiveness of preventive health behaviour campaigns and the persistence of misinformation. We implement a field experiment among a representative sample of slum residents in two major Indian cities...

Persistent link: https://www.econbiz.de/10013479042