Showing 1 - 10 of 381
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …
Persistent link: https://www.econbiz.de/10014469382
Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …
Persistent link: https://www.econbiz.de/10010267449
risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that …
Persistent link: https://www.econbiz.de/10011307381
involves some level of uncertainty, so differences in examination behavior may be due to differences in motivation, risk …
Persistent link: https://www.econbiz.de/10012179951
Uncertainty affects employers' decisions on labour workforce, as it does on capital. We exploit differences on how … firms adjust their labour work-force when uncertainty increases. Using data from the Wage Dynamic Network Survey for 25 … European countries, we first construct, opposite to usual aggregate indicators, a set of uncertainty indicators exploiting …
Persistent link: https://www.econbiz.de/10012322444
Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …
Persistent link: https://www.econbiz.de/10005822407
accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …
Persistent link: https://www.econbiz.de/10010319579
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …
Persistent link: https://www.econbiz.de/10010377280
located at the bottom of the income distribution, where risk aversion cannot play any role. …
Persistent link: https://www.econbiz.de/10012882404