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Patient Preferences and Treatment Thresholds under Diagnostic Risk: An Economic Laboratory Experiment

Mayrhofer, Thomas; Krieger, Miriam - Verein für Socialpolitik - VfS - 2012

We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk preferences are assessed through treatment...

Persistent link: https://www.econbiz.de/10010955177

The impact of risk perception and risk attitudes on corrupt behavior: Evidence from a petty corruption experiment

Fahr, René; Djawadi, Behnud Mir - Verein für Socialpolitik - VfS - 2012

We investigate one possible explanation for corrupt behavior namely that individual decision makers who engage frequently in illegal actions might underestimate the overall probability of being caught. This might be in particular true for petty corruption where small amounts of bribes are...

Persistent link: https://www.econbiz.de/10010955201

An Experimental Study of Precautionary Bidding

Kocher, Martin; Pahlke, Julius; Trautmann, Stefan - Verein für Socialpolitik - VfS - 2013

Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...

Persistent link: https://www.econbiz.de/10010957987

Measuring Ambiguity Aversion: A Systematic Experimental Approach

Wilde, Christian; Krahnen, Jan Pieter; Ockenfels, Peter - Verein für Socialpolitik - VfS - 2014

This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ranging from low to high. Attitudes towards risk and attitudes towards...

Persistent link: https://www.econbiz.de/10011163953

The Impact of Experience on Violations of Independence and Coalescing

Schmidt, Ulrich; Birnbaum, Michael - Verein für Socialpolitik - VfS - 2014

The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same choice problems in several rounds. We fit a simple error model and investigate how behavior changes in the course of the experiment. Our analysis complements and extends Hey...

Persistent link: https://www.econbiz.de/10011164029

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Rützler, Daniela; Sutter, Matthias; Kocher, Martin G.; … - Verein für Socialpolitik - VfS - 2011

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health...

Persistent link: https://www.econbiz.de/10010984927

Does Bilateral Trust Affect International Movement of Goods and Labor?

Spring, Eva; Grossmann, Volker - Verein für Socialpolitik - VfS - 2013

Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign … country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and … migration patterns. We apply instrumental variables (IV) approaches that capture the exogenous variance of bilateral trust …

Persistent link: https://www.econbiz.de/10010958176

Culture, Selection, and International Migration

Renner, Laura; Krieger, Tim; Ruhose, Jens - Verein für Socialpolitik - VfS - 2014

This paper looks at the e ffect of cultural barriers on the skill selection of international migration. The data covers bilateral migration stocks by skill level in 2000 from about 99 sending countries to the main 15 destination countries. We use genetic distance as a proxy for cultural distance...

Persistent link: https://www.econbiz.de/10011163896

Ethnic Spatial Dispersion and Immigrant Identity

Zimmermann, Klaus F.; Constant, Amelie; Schüller, Simone - Verein für Socialpolitik - VfS - 2014

Ethnic groups tend to agglomerate and assemble, mostly in urban areas. While ethnic clustering is critically debated in societies and the consequences for economic outcomes are under debate in research, the process is not yet well understood. A separate literature has also examined the cultural...

Persistent link: https://www.econbiz.de/10011163927

Foreign Languages and their Impact on Income and Unemployment

Donado, Alejandro - Verein für Socialpolitik - VfS - 2014

Using a repeated cross-section of more than 258,000 residents of 39 European countries covering the period from 1990 to 2012, I study the impact of knowing different foreign languages on income and (for the first time) on unemployment. To help identify causal effects, I also employ a novel...

Persistent link: https://www.econbiz.de/10011164188