Showing 1 - 10 of 33
We observe that the standard variant of Prospect Theory cannot describe very risk-averse choices in simple lotteries. This makes it diffcult to accommodate it with experimental data. Using an exponential value function can solve this problem and allows to cover the whole spectrum of risk-averse...
Persistent link: https://www.econbiz.de/10005858200
Persistent link: https://www.econbiz.de/10013412709
We present results from the rst large-scale international surveyon risk preferences, conducted in 45 countries. We show substantialcross-country dierences in risk aversion, loss aversion and probabilityweighting. Moreover, risk attitudes in our sample depend not only oneconomic conditions, but...
Persistent link: https://www.econbiz.de/10009418983
We present new descriptive evidence on the immigrant-native gap in risk and time preferences in Germany, one of the most preferred host countries for immigration. Using the recent waves of the Socio-Economic Panel (SOEP) dataset, we find that the immigrant-native gap in risk preferences has...
Persistent link: https://www.econbiz.de/10012877297
Persistent link: https://www.econbiz.de/10009615900
Persistent link: https://www.econbiz.de/10009620648
Persistent link: https://www.econbiz.de/10009538599
This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The study presents a model of a firm that faces uncertain...
Persistent link: https://www.econbiz.de/10011539238
Persistent link: https://www.econbiz.de/10011781722
Persistent link: https://www.econbiz.de/10011633939