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Biased Probability Judgment : Evidence of Incidence and Relationship to Economic Outcomes from a Representative Sample

Dohmen, Thomas - 2009

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

Persistent link: https://www.econbiz.de/10013159743

Risk Preferences are Not Time Preferences : Comment

Cheung, Stephen L. - 2012

Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...

Persistent link: https://www.econbiz.de/10013099803

Predicting Retirement Savings Using Survey Measures of Exponential-Growth Bias and Present Bias

Goda, Gopi Shah - 2018

In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent …

Persistent link: https://www.econbiz.de/10012911197

Source Country Characteristics and Immigrants' Migration Duration and Saving Decisions

Kïrdar, Murat G. - 2010

This paper examines how immigrants' migration duration and saving decisions in the host country respond to the purchasing power parity (ppp) and the wage ratio between the host and source countries. It is shown that in theory immigrants may stay longer in the host country as a result of an...

Persistent link: https://www.econbiz.de/10013144383

How General are Time Preferences? Eliciting Good-Specific Discount Rates

Ubfal, Diego - 2012

, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …

Persistent link: https://www.econbiz.de/10013099793

The Impact of Education on the Subjective Discount Rate in Ugandan Villages

Bauer, Michal - 2009

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...

Persistent link: https://www.econbiz.de/10012764244

Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias - 2011

eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …

Persistent link: https://www.econbiz.de/10013131926

Preparing for Policy Changes : Social Security Expectations and Pension Scheme Participation

van der Wiel, Karen - 2021

more light on the relationship between public and private savings by analyzing private pension scheme participation in the … an increase in, or crowding in of, private savings …

Persistent link: https://www.econbiz.de/10013325056

Cognitive Ability, Character Skills, and Learning to Play Equilibrium : A Level-K Analysis

Gill, David - 2014

of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …

Persistent link: https://www.econbiz.de/10013052550

Incentive Complexity, Bounded Rationality and Effort Provision

Abeler, Johannes; Huffman, David; Raymond, Collin - 2023

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...

Persistent link: https://www.econbiz.de/10014347039