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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10014030510
We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of … intensification is strong enough, then the individual becomes less risk averse: the individual's desire to advance further in the …
Persistent link: https://www.econbiz.de/10012867983
experimentally the behavioral forces stipulated in their theory. The evidence confirms the model's prediction that there is a …
Persistent link: https://www.econbiz.de/10012765614
among a substantial share of the population into account. Theory shows and experiments confirm, that even if fairness …
Persistent link: https://www.econbiz.de/10012768171
just a special case of risk-taking, but based on important forms of social preferences such as betrayal aversion …
Persistent link: https://www.econbiz.de/10012768177
to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …
Persistent link: https://www.econbiz.de/10013096438
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology … additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only …
Persistent link: https://www.econbiz.de/10012870215
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 … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …
Persistent link: https://www.econbiz.de/10013103490
We investigate risk aversion as a driver of labour market discrimination against homosexual men. We show that more … hiring discrimination by more risk-averse employers is consistent with taste-based and statistical discrimination. To test … heterosexual or homosexual job candidate. In addition, participants are surveyed on their risk aversion and other characteristics …
Persistent link: https://www.econbiz.de/10013011165
We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and … compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk … students, but peasants were more risk averse. Testing for the effect of socio-economic variables on uncertainty attitudes …
Persistent link: https://www.econbiz.de/10013095831