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Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2007

Is the way that people make risky choices, or tradeoffs over time, related to cognitive ability? This paper 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...

Persistent link: https://www.econbiz.de/10005067556

Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2008

Persistent link: https://www.econbiz.de/10005666531

Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?

Booth, Alison L; Cardona Sosa, Lina; Nolen, Patrick - C.E.P.R. Discussion Papers - 2011

Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in … economically important ways. To test this, we designed a controlled experiment using first year college students who made choices … over real-stakes lotteries at two distinct dates. Students were randomly assigned to classes of three types: all female …

Persistent link: https://www.econbiz.de/10009365004

Are Elite Universities Losing their Competitive Edge?

Han Kim, E; Morse, Adair; Zingales, Luigi - C.E.P.R. Discussion Papers - 2006

We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect...

Persistent link: https://www.econbiz.de/10005124384

The Effect of College Employment on Graduation: Evidence from France

Beffy, Magali; Fougère, Denis; Maurel, Arnaud - C.E.P.R. Discussion Papers - 2013

This paper investigates the effect of employment while in college on graduation, using data from the French Labour Force Surveys over the period 1992 to 2002. Using spatial variation in low-skill youth unemployment rates to circumvent the endogeneity of college employment decisions, we find a...

Persistent link: https://www.econbiz.de/10011083370

Do Consumers Care About How Prices Are Set?

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2007

Using a survey approach, we ask consumers to reveal their preferences over pricing schemes that may differ in terms of the average price of consumption, the amount of price variation, and the probability of being rationed. We find that consumers dislike pricing schemes that vary prices more but...

Persistent link: https://www.econbiz.de/10005504691

Some Social Welfare Implications of Behavioural Preferences

Gallice, Andrea - C.E.P.R. Discussion Papers - 2007

We investigate how the assumption that individuals are characterized by some recent forms of behavioural preferences changes the analysis of an otherwise classical welfare problem, namely the optimal allocation of a scarce resource among a finite number of claimants. We consider two preference...

Persistent link: https://www.econbiz.de/10005497756

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - C.E.P.R. Discussion Papers - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10011084048

Loss Aversion and Consumption Choice: Theory and Experimental Evidence

Karle, Heiko; Kirchsteiger, Georg; Peitz, Martin - C.E.P.R. Discussion Papers - 2012

In this paper we analyze a consumer choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. We make use of the fact that...

Persistent link: https://www.econbiz.de/10011084678

Explorations of the Effect of Experience on Preferences for a Health-Care Service

Neuman, Einat; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2007

The standard assumption in economic theory is that preferences do not change as a result of experience with the commodity/service/event. Behavioural scientists have challenged this assumption, claiming that preferences constantly do change as experience is accumulated. This paper tests the...

Persistent link: https://www.econbiz.de/10005656214