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Predicting norm enforcement : the individual and joint predictive power of economic preferences, personality, and self-control

Friehe, Tim; Schildberg-Hörisch, Hannah - In: European journal of law and economics 45 (2018) 1, pp. 127-146

Persistent link: https://www.econbiz.de/10011979974

Understanding predictability

Menzly, Lior; Santos, Tano; Veronesi, Pietro - In: Journal of political economy 112 (2004) 1,1, pp. 1-47

Persistent link: https://www.econbiz.de/10001939829

The Explanatory and Predictive Power of Non Two-Stage Probability Theories of Decision Making Under Ambiguity

Hey, John Denis; Pace, Noemi - 2011

Representing ambiguity in the laboratory using a Bingo Blower (which is transparent and not manipulable) and asking the subjects a series of allocation questions (which are more efficient than pairwise choice questions), we obtain data from which we can estimate by maximum likelihood methods...

Persistent link: https://www.econbiz.de/10014177352

Predicting Risk-Sensitivity in Humans and Lower Animals : Risk as Variance or Coefficient of Variation

Weber, Elke U.; Shafir, Sharoni; Blais, Ann-Renee - 2011

In this paper, we examine the determinants of risk-sensitivity exhibited by humans and other animals. Our dependent measure is the proportion of respondents who choose a sure option over a risky option with equal expected value. We present a meta-analysis of human risk-preference data and...

Persistent link: https://www.econbiz.de/10014047050

A Fundamental Prediction Error : Self-Others Discrepancies in Risk Preference

Hsee, Christopher K.; Weber, Elke U. - 2011

This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...

Persistent link: https://www.econbiz.de/10014026773

Cross-National Differences in Risk Preference and Lay Predictions

Hsee, Christopher K.; Weber, Elke U. - 2011

This research explores whether there are systematic cross-national differences in choice-inferred risk preferences between Americans and Chinese. Study 1 found(a) that the Chinese were signi®cantly more risk seeking than the Americans, yet(b) that both nationals predicted exactly the opposite...

Persistent link: https://www.econbiz.de/10014026775

Predicting Financial Risk Taking Behavior : A Comparison of Questionnaires

Grable, John - 2019

tested questionnaires represented measures derived from economic and psychometric theory. It was determined that … questionnaires based on economic theory had similar predictive power, implying that both measures provided some degree of reliability … across measures. Only the psychometric theory-based risk tolerance measure was found to be correlated to other indicators of …

Persistent link: https://www.econbiz.de/10012897998

Scoring and Predicting Risk Preferences

Ertek, Gurdal - 2018

This study presents a methodology to determine risk scores of individuals, for a given financial risk preference survey. To this end, we use a regression based iterative algorithm to determine the weights for survey questions in the scoring process. Next, we generate classification models to...

Persistent link: https://www.econbiz.de/10012923456

Semi-Supervised Machine Learning Method for Predicting Observed Individual Risk Preference Using Gallup Data

Ahmed, Faroque; Shamsuddin, Mrittika; Sultana, Tanzila; … - 2023

Risk and uncertainty are vital for making economic decision. An individual's propensity to make riskier decisions depends on various circumstances. Most studies on general and financial risk preference focus on analyzing the correlation between the sociodemographic and economic factors, using...

Persistent link: https://www.econbiz.de/10014355059

DOSPERT's gambling risk-taking propensity scale predicts excessive stock trading

Markiewicz, Łukasz; Weber, Elke U. - In: The journal of behavioral finance : a publication of … 14 (2013) 1, pp. 65-78

Persistent link: https://www.econbiz.de/10009744990