Showing 1 - 10 of 1,052
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes … truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of …-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …
Persistent link: https://www.econbiz.de/10013103490
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …
Persistent link: https://www.econbiz.de/10012984865
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012868010
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable … preferences. We find that both long-run discount factors and subjective payment failure risk parameters have a high degree of …
Persistent link: https://www.econbiz.de/10012979444
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported … beliefs. Subjects choose how to invest earnings from a skill task when the returns depend solely upon risk, or both risk and … relative placement, enabling joint estimation of individual risk preferences and implied subjective beliefs of placing in the …
Persistent link: https://www.econbiz.de/10012962309
arrangements in developing countries, is sensitive to the extent to which individuals can influence their risk exposure. With slum … participants could either deliberately choose or were randomly assigned to a safe or a risky project. We find that when risk … their counterparts in the random treatment, voluntary risk takers are seemingly less motivated to share their high payoff …
Persistent link: https://www.econbiz.de/10012948691
Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are … experimentally whether the presence of a safe option among the set of alternatives explains why females are more risk averse than … males. We manipulate three widely used risk elicitation methods finding that the availability of a safe option causally …
Persistent link: https://www.econbiz.de/10012955024
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory experiment that … increases risk aversion, especially for males, but not in a significant manner. When conditioning on the outcome, we find that … males become significantly more risk averse after losing the tournament than after randomly earning the same low payoff. In …
Persistent link: https://www.econbiz.de/10012955025
We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources …. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference …
Persistent link: https://www.econbiz.de/10013039593
of free choice of risk on sharing, i.e. the comparison of mean sharing across randomized treatments, is not informative … effect equals the behavioural effect. Instead, isolating the behavioural effect requires conditioning on risk exposure ….We show that a design that measures subjects preferred level of risk in all treatments allows isolating this effect without …
Persistent link: https://www.econbiz.de/10012915180