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their attitudes towards risk and, as a result, the compensating differential shrinks. Last, we are also able to mimic the …
Persistent link: https://www.econbiz.de/10011163479
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … employees (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and …. Entrepreneurs are only found to be unique in their lower degree of loss aversion, and not in their risk or ambiguity aversion. This …
Persistent link: https://www.econbiz.de/10010959844
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the … as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of …
Persistent link: https://www.econbiz.de/10005015500
’s preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to …
Persistent link: https://www.econbiz.de/10005761801
are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …
Persistent link: https://www.econbiz.de/10008683657
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005822413
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10010627842
We formulate a model of household behavior in which cooperation is costly and in which these costs vary across households. Some households rationally decide to behave noncooperatively, which in our context is an efficient outcome. An intriguing feature of the model is that, while the welfare of...
Persistent link: https://www.econbiz.de/10005703244
results are not affected by reverse causality problems and are robust when controlling for individual risk attitudes. We also … find that more risk averse individuals are less likely to experience divorce. …
Persistent link: https://www.econbiz.de/10011103272
of risk-aversion, and substantially lowers the effort individuals make to learn about financial decisions. …
Persistent link: https://www.econbiz.de/10011105080