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take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …
Persistent link: https://www.econbiz.de/10012915178
Gneezy et al. (2012) uses attribution theory from the psychology literature to argue that when the object of … with the observability of ethnicity, and the exposure to situations where there is a risk of discrimination, to produce a … Strait Islanders Social Survey (NATSISS) is presented that is consistent with the predictions of this theory …
Persistent link: https://www.econbiz.de/10013056648
This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …
Persistent link: https://www.econbiz.de/10013059678
The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …
Persistent link: https://www.econbiz.de/10013128748
particularly worrisome, suggesting that the previous IV results are robust. In particular, using China Household Income Project …
Persistent link: https://www.econbiz.de/10013088666
Much of the literature on performance-related pay (PRP) and poor health relies on self-reported data, and the relationship is particularly difficult to examine due to confounding variables. To address these limitations we examine three groups of health measures using data from the UKHLS: blood...
Persistent link: https://www.econbiz.de/10014083925
We propose a novel selectivity correction procedure to deal with survey attrition, at the crossroads of the "Heckit" and of the bounding approach of Lee (2009). As a substitute for the instrument needed in sample selectivity correction models, we use information on the number of attempts that...
Persistent link: https://www.econbiz.de/10013099813
strategies for estimation. We also provide the associated asymptotic theory. These strategies are illustrated in an empirical …
Persistent link: https://www.econbiz.de/10012928503
It is often believed that without instrument, endogenous sample selection models are identified only if a covariate with a large support is available (see Chamberlain, 1986, and Lewbel, 2007). We propose a new identification strategy mainly based on the condition that the selection variable...
Persistent link: https://www.econbiz.de/10013157515
The randomized trial literature has helped to renew the fields of microeconometric policy evaluation by emphasizing identification issues raised by endogenous program participation. Measurement and attrition issues have perhaps received less attention. This paper analyzes the dramatic impact of...
Persistent link: https://www.econbiz.de/10013159683