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Statistics and common sense
Hanaki, Nobuyuki; Magnus, Jan R.; Yoo, Donghoon - 2021
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012670776
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Statistics and common sense
Hanaki, Nobuyuki; Magnus, Jan R.; Yoo, Donghoon - 2021
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
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Reputational herding in financial markets : a laboratory experiment
Roider, Andreas; Voskort, Andrea - 2015
We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 … employers. Employers can observe investment behavior, but not investors' ability types. Thereby, reputational incentives may …
Persistent link: https://www.econbiz.de/10010472692
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The private equity premium puzzle revisited: new evidence on the role of heterogeneous risk attitudes
Fossen, Frank M. - 2008
comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …
Persistent link: https://www.econbiz.de/10010271074
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The Private Equity Premium Puzzle Revisited : New Evidence on the Role of Heterogeneous Risk Attitudes
Fossen, Frank M. - 2009
comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …
Persistent link: https://www.econbiz.de/10013158383
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The private equity premium puzzle revisited : new evidence on the role of heterogeneous risk attitudes
Fossen, Frank M. (contributor) - 2008
equity ; investment ; risk aversion … comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this …
Persistent link: https://www.econbiz.de/10003782603
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Affective Utilities : A Rational Theory of Optimistic Bias in Asset Markets
Bracha, Anat - 2014
, defined as the composition of the investor's attitudes for risk and her attitudes for ambiguity. Bulls and bears are defined …
Persistent link: https://www.econbiz.de/10013051869
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Individual attitudes and market dynamics towards imprecision
Huber, Christoph; Rose, Julia - 2019
experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …
Persistent link: https://www.econbiz.de/10012008802
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Robust Inference in Risk Elicitation Tasks
Andersson, Ola - 2018
previous studies that found a negative relation between cognitive ability and risk aversion into perspective and in particular … show that cognitive ability is related to noisy behavior rather than risk preferences. We also find age and education to be … and more robustly correlated to risk preferences …
Persistent link: https://www.econbiz.de/10012910413
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Endowments and Risky Choice
Crockett, Erin - 2019
We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery … setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in …
Persistent link: https://www.econbiz.de/10012890580