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controlling for differential risk attitudes. Our empirical investigation is based on a dataset drawn from the 1989-2006 Bank of …
Persistent link: https://www.econbiz.de/10010268972
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … on 1,016 individuals' relative ability judgments about two cognitive tests rejects the Bayesian model. The second theory … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10010269888
This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … sample of 450 subjects, and find that the measure is a good predictor of actual risk-taking behavior. We use a more standard … lottery question to measure risk preference, and find similar results regarding heterogeneity and determinants of risk …
Persistent link: https://www.econbiz.de/10010267371
individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10010277017
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in … Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences …. We find that while probability sensitivity or risk aversion do not affect trust, loss aversion influences trust …
Persistent link: https://www.econbiz.de/10010289986
We find a strong relationship between risk-loving preferences and cognitive ability which becomes stronger as adherence … relationship between risk preferences and cognitive ability for the human population as a whole irrespective of socio …
Persistent link: https://www.econbiz.de/10013351805
behaviour in this unusual market. Participants have lower risk tolerance and higher patience levels than the Iranian average but …
Persistent link: https://www.econbiz.de/10014296550
. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …
Persistent link: https://www.econbiz.de/10010269056
non-cognitive outcomes: risk preferences, patience, creativity and attention/focus. Our main finding is that chess … training reduces the level of risk aversion almost a year after the intervention ended. We also find that chess training …, these (non-risk preference) results are less conclu-sive once we account for multiple hypothesis testing. We do not find any …
Persistent link: https://www.econbiz.de/10012141187
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010278559