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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
studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the …
Persistent link: https://www.econbiz.de/10012868836
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...
Persistent link: https://www.econbiz.de/10013135822
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by the U.S. Census Bureau for approximately 25,000...
Persistent link: https://www.econbiz.de/10014240723
risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that …
Persistent link: https://www.econbiz.de/10013016343
Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty perceived by firms affects their economic decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013403719
national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …
Persistent link: https://www.econbiz.de/10013406440
In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between …
Persistent link: https://www.econbiz.de/10012915741
study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk …Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …
Persistent link: https://www.econbiz.de/10012862462
We investigate whether and how time pressure affects performance. We conducted a field experiment in which students … from an Italian University are proposed to choose between two exam schemes: a standard scheme without time pressure and an … alternative scheme consisting of two written intermediate tests, one of which to be taken under time pressure. Both exam schemes …
Persistent link: https://www.econbiz.de/10013031188