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during investment processes. This paper presents an alternate view on the drivers behind entrepreneurs’ risk-taking behavior …This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs …
Persistent link: https://www.econbiz.de/10011982570
This paper examines the distributional impact of increases to out-of-work transfers, increases to work-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by standard snapshot analyses, increases to...
Persistent link: https://www.econbiz.de/10011718891
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
Persistent link: https://www.econbiz.de/10012285502
We study three fundamental components of financial agency settings: Perception and communication of investment profiles … investment profile terminology is very heterogeneous, resulting in substantial miscommunication between clients and agents …. Financial agents show a high willingness to implement their clients’ preferred investment profiles independent of monetary …
Persistent link: https://www.econbiz.de/10012124358
We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of … the digit ratio (2D:4D) in more than 200 subjects. In males, salivary testosterone is negatively correlated with risk … aversion for gains only. In females, salivary cortisol is positively correlated with risk aversion for gains only. No other …
Persistent link: https://www.econbiz.de/10010255048
Although the link between risk aversion and diminishing marginal utility of wealth is academically well established …
Persistent link: https://www.econbiz.de/10012807566
Persistent link: https://www.econbiz.de/10012216637
Persistent link: https://www.econbiz.de/10012818298
decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe … lower investments in case of positive changes in income. Investment decreases most if negative valuation adjustments are …-based decreases in net income. For larger positive and negative adjustments the impact of valuation levels on investment turns out to …
Persistent link: https://www.econbiz.de/10013050234
to show the results of an experiment conducted in Turkey how could affect behavior of subjects who were students in …
Persistent link: https://www.econbiz.de/10010460138