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Dillenberger, David; Raymond, Collin - 2020

We introduce a new class of preferences — which we call additive-belief-based (ABB) —that captures a general and yet … the general class of ABB preferences and two prominent special cases, which allow utility to depend on each period … Independence axiom. We identify the intersection of ABB preferences with the class of recursive preferences and characterize …

Persistent link: https://www.econbiz.de/10014096033

Parental separation and the formation of economic preferences

Dahmann, Sarah C.; Kettlewell, Nathan; Lam, Jack - 2022

. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …

Persistent link: https://www.econbiz.de/10012804345

Parental separation and the formation of economic preferences

Dahmann, Sarah C.; Kettlewell, Nathan; Lam, Jack - 2022

. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …

Persistent link: https://www.econbiz.de/10012938781

Social risk effects : the "experience of social risk" factor

Diekert, Florian; Goeschl, Timo; König-Kersting, Christian - 2021

Anticipating "social risk", or risk caused by humans, affects decision-making differently from anticipating natural risk. Drawing upon a large sample of the US population (n=3,982), we show that the phenomenon generalizes to risk experience. Experiencing adverse outcomes caused by another human...

Persistent link: https://www.econbiz.de/10012598407

Context-dependent risk preferences and decoy effects

Herweg, Fabian; Müller, Daniel; Özgümüs, Asri; … - 2025

We present a theory of context-dependent risk preferences under which within-state payoff comparisons and regret …

Persistent link: https://www.econbiz.de/10015182570

Motivational Goal Bracketing : An Experiment

Koch, Alexander K. - 2017

We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work-leisure self-control problem. We externally induce the goal bracket – daily goals or a weekly goal – and within that bracket let subjects set goals for how much they want to...

Persistent link: https://www.econbiz.de/10012948623

Goal Bracketing and Self-Control

Hsiaw, Alice - 2016

This paper studies the role of goal bracketing to attenuate time inconsistency. When setting non-binding goals for a multi-stage project, an agent must also decide how and when to evaluate himself against such goals. In particular, he can bracket broadly by setting an aggregate goal for the...

Persistent link: https://www.econbiz.de/10012979882

On the psychology of the relation between optimism and risk taking

Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2023

In this paper, we provide an explanation for why risk taking is related to optimism. Using a laboratory experiment, we show that the degree of optimism predicts whether people tend to focus on the positive or negative outcomes of risky decisions. While optimists tend to focus on the good...

Persistent link: https://www.econbiz.de/10014233649

Show what you risk - norms for risk taking

Grimm, Stefan - 2018

Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...

Persistent link: https://www.econbiz.de/10011930435

Risk Taking in the Household : Strategic Behavior, Social Preferences, or Interdependent Preferences?

Engel, Christoph - 2020

willingness to strike a balance between one's own and the other's risk preferences. Using machine learning methods, we find …

Persistent link: https://www.econbiz.de/10012850782