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We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10013131926
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …. We find that while probability sensitivity or risk aversion do not affect trust, loss aversion influences trust … indirectly by lowering the expectations of return. Also, more risk averse and less present biased participants are found to be …
Persistent link: https://www.econbiz.de/10013099719
risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely …
Persistent link: https://www.econbiz.de/10013099803
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
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/10013136481
We estimate the impact of Kenya's post-election crisis on individual risk preferences. The crisis interrupted a … by the time of the survey. We measure individual risk preferences using hypothetical lottery choice questions which we …-election violence sharply increased individual risk aversion. Immediately after the crisis, the fraction of subjects displaying extreme …
Persistent link: https://www.econbiz.de/10012993951
Economists and psychologists have devised numerous instruments to measure time preferences and have generated a rich literature examining the extent to which time preferences predict important outcomes; however, we still do not know which measures work best. With the help of a large sample of...
Persistent link: https://www.econbiz.de/10013122971
Using experimental data of children and their mothers, this paper explores the intergenerational relationship of impatience. The child's impatience stems from a delay of gratification experiment. Mother's impatience has been assessed by a choice task where the mothers faced trade-offs between a...
Persistent link: https://www.econbiz.de/10013112735
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
effects on financial literacy and awareness of market prices. The probability of saving and savings deposits are not affected …
Persistent link: https://www.econbiz.de/10014349665