Showing 1 - 10 of 234
This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … representative sample of 450 subjects, and find that the general risk question is a good predictor of actual risk-taking behavior. We … then use a more standard lottery question to measure risk preferences in our sample of 22,000, and find similar results …
Persistent link: https://www.econbiz.de/10005123605
The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the … experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …
Persistent link: https://www.econbiz.de/10011084146
investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the … population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an … conducted in subjects' own homes. We find that lower cognitive ability is associated with greater risk aversion, and more …
Persistent link: https://www.econbiz.de/10005067556
investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the … population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an … conducted in subjects' own homes. We find that lower cognitive ability is associated with greater risk aversion, and more …
Persistent link: https://www.econbiz.de/10005666531
, have lower preferences than men for risk and competition, and may be more sensitive to social cues. These gender …
Persistent link: https://www.econbiz.de/10011083423
We seed noisy information to members of a real-world social network to study how information diffusion and information aggregation jointly shape social learning. Our environment features substantial social learning. We show that learning occurs via diffusion which is highly imperfect: signals...
Persistent link: https://www.econbiz.de/10011201359
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences, although during the last two decades, the use of lab...
Persistent link: https://www.econbiz.de/10008468582
This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are …
Persistent link: https://www.econbiz.de/10004976787
utility function. We then fit the experimental choices to this model to assess the risk attitude of our subjects. Despite the … substantial heterogeneity across subjects, decreasing absolute risk aversion and increasing relative risk aversion are the most … prevalent risk types, and we can classify more than 50% of the subjects in this combined category. We also find evidence of …
Persistent link: https://www.econbiz.de/10011145479
This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to … inferred from decisions regarding hypothetical choice problems, we had participants put their own money at risk in a real … period under delayed resolution (which involved two days). Affective traits and risk attitudes were measured through a web …
Persistent link: https://www.econbiz.de/10005124205