Showing 1 - 10 of 1,006
The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...
Persistent link: https://www.econbiz.de/10012907827
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...
Persistent link: https://www.econbiz.de/10013099803
-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
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10013154976
study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment …
Persistent link: https://www.econbiz.de/10012862462
experiment that reproduces the main features of a tennis match. We show that our importance criterion is able to predict the …
Persistent link: https://www.econbiz.de/10012997436
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … the U.S. Census Bureau for approximately 25,000 manufacturing plants. We find three key results. First, investment is … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …
Persistent link: https://www.econbiz.de/10014240723
This paper provides evidence on the impacts of non-cognitive skills and attitudes towards risk on the decision to migrate from rural to urban areas. Our analysis is based on a unique four-wave panel of Ukrainian Longitudinal Monitoring Survey for the period between 2003 and 2012. Adopting the...
Persistent link: https://www.econbiz.de/10012947732
We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work …
Persistent link: https://www.econbiz.de/10012948623
In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance arrangements in developing countries, is sensitive to the extent to which individuals can influence their risk exposure. With slum dwellers of Nairobi our design measures subjects'...
Persistent link: https://www.econbiz.de/10012948691