Showing 1 - 10 of 139
This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … take risks is negatively related to age and being female, and positively related to parental education and height. We test … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …
Persistent link: https://www.econbiz.de/10003085747
This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its … power of the test and show that the magnitude of gender differences, although significant, is economically unimportant. We …
Persistent link: https://www.econbiz.de/10010356680
another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …
Persistent link: https://www.econbiz.de/10003716538
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are … experimentally whether the presence of a safe option among the set of alternatives explains why females are more risk averse than … males. We manipulate three widely used risk elicitation methods finding that the availability of a safe option causally …
Persistent link: https://www.econbiz.de/10011664425
proxy for this ineffable relativity? We conduct an online experiment absent choice in which we measure subjective wellbeing …
Persistent link: https://www.econbiz.de/10011902869
claiming to measure trust, and how these different measures are related. Using nationally representative data, we test a … that it correlates with trusting behaviour in the experiment. Both survey and experimental measure correlate with related … factors such as risk aversion, being an entrepreneur or a shareholder. Furthermore, we demonstrate that the survey measure …
Persistent link: https://www.econbiz.de/10003829721
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10010350420
- but not men - set reservation wages that are too low relative to theoretically optimal values given their risk preferences …
Persistent link: https://www.econbiz.de/10014423508
larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …
Persistent link: https://www.econbiz.de/10011594548