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-makers. Uncertainty about the threshold for sustainable use or number of resource users may exacerbate the overconsumption problem. We are … first to investigate the joint impact of threshold and group size uncertainty in this setting. Overall, we find that … threshold uncertainty increases the likelihood of the resource being destroyed and reduces earnings from it. Group size …
Persistent link: https://www.econbiz.de/10012865352
risk management, however the level of demand for respective projects remains low. Using behavioural games and a discrete …, risk aversion, levels of trust and previous disaster experience impact the individual demand for flood insurance in rural …
Persistent link: https://www.econbiz.de/10011521756
market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is …
Persistent link: https://www.econbiz.de/10012001782
market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known …
Persistent link: https://www.econbiz.de/10012231540
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice...
Persistent link: https://www.econbiz.de/10011737091
. We present a laboratory experiment that studies how residual risk of failure affects willingness to contribute to climate … risk than in treatments without one. We interpret this as an outcome of a psychological process where residual risk puts …
Persistent link: https://www.econbiz.de/10011738574
We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends …
Persistent link: https://www.econbiz.de/10012308721
Persistent link: https://www.econbiz.de/10011793507
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice...
Persistent link: https://www.econbiz.de/10014179096
risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing … the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large …
Persistent link: https://www.econbiz.de/10014213814