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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
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...
Persistent link: https://www.econbiz.de/10013406448
Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk … from non-migrants in risk and ambiguity preferences elicited using pairs of lotteries; however, migrants are significantly … competitive environment than by risk attitudes under state uncertainty …
Persistent link: https://www.econbiz.de/10013052558
We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial …
Persistent link: https://www.econbiz.de/10013025862
This paper presents evidence suggesting men's (but not women's) risk and time preferences have systematically become … for 22,579 Australian-based respondents in up to 11 surveys from 2002-2015, men respond with increased risk aversion and … since 2008. This 'happiness channel' only partially explains the link between the local unemployment rate and risk …
Persistent link: https://www.econbiz.de/10012838493
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
new method to correct for attrition bias. We rely on a 10-years longitudinal data set with a final attrition rate of 10 …
Persistent link: https://www.econbiz.de/10012957495
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … in attitudes toward risk. Indeed, for both groups financial and psychological incentive effects are both inversely … related to individual levels of risk aversion, and are positive and significant both for workers and for students who are …
Persistent link: https://www.econbiz.de/10013009501
conventional laboratory environment with students and retirees. Our results are compelling. First, seniors are not more risk …
Persistent link: https://www.econbiz.de/10013317230
, compared to not receiving advice. Finally, we find a positive association between alternative measures of portfolio risk and …
Persistent link: https://www.econbiz.de/10014258262