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Delegated risk-taking, accountability, and outcome bias
In a sequence of experiments, this study investigates how people evaluate others who make risky decisions on their behalf, and how such evaluations...
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Towards a typology of risk preference: Four risk profiles describe two-thirds of individuals in a large sample of the U.S. population
It has been a longstanding goal of the behavioral sciences to measure and model people’s risk preferences. In this article, we adopt a novel...
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Double-edged sword: persistent effects of Communist regime affiliations on well-being and preferences
During Communism, party members and their relatives were typically privileged elites in Central and Eastern Europe (CEE) and the former Soviet Union...
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Even imprudent risk lovers may engage in precautionary saving
Recent developments in dynamic consumption theory have shown that risk-loving agents, much like their risk-averse analogues, can exhibit downside...
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Menu-dependent risk attitudes: Theory and evidence
We test for a novel pattern of menu-dependent risk attitudes that forms the basis of recent theories of risky choice: Does expanding the range of...
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Lobbying, Time Preferences and Emission Tax Policy
We develop a theoretical model to study the combined effect of lobbying and time preferences on emission tax policies. With a two-period model, we...
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Eliciting Time, Risk, and Social Preferences: Experimental Evidence from India
Time, risk, and social preferences can play a major role in the development of the country. In order to explore these, we conducted a survey of 614...
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How preferences shape the welfare and employment effects of trade
We set up a trade model with two countries, two sectors, and one production factor, which features a home-market effect due to the existence of trade...
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Auctioning risk: the all-pay auction under mean-variance preferences
We analyse the all-pay auction with incomplete information and variance-averse bidders. We characterise the unique symmetric equilibrium for general...
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Paid and hypothetical time preferences are the same: lab, field and online evidence
The use of real decision-making incentives remains under debate after decades of economic experiments. In time preferences experiments involving...
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Economic preferences and trade outcomes
Integrating the Global Preference Survey (GPS) and its data of unique scope on national preference structures in patience, risk attitude and...
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A false divide? Providing information about inequality aligns preferences for redistribution between right- and left-wing voters
Are differences in preferences for redistribution between right- and left-wing voters amplified because of misperceptions of inequality? To address...
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Collective negative shocks and preferences for redistribution: Evidence from the COVID-19 crisis in Germany
Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative...
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Equilibrium asset pricing with short rate risk
I study the exact percentage price reaction (in absolute value) to changes in the short rate for long-lived assets in a tractable long-run risk...
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Exploring Higher Order Risk Preferences of Farmers in a Water-Scarce Region: Evidence from a Field Experiment in West Bengal, India
We estimate higher order risk preferences of farmers from a water scarce region in West Bengal, India. We then examine correlations across risk...
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Subjective beliefs and economic preferences during the COVID-19 pandemic
The COVID-19 pandemic presents a remarkable opportunity to put to work all of the research that has been undertaken in past decades on the...
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Unveiling the Impact of Personality in Lifestyle Solidarity: An Exploratory Study of the Effects of Dispositional Optimism and Risk Orientation
This paper explores the influence of the personality traits of dispositional optimism and risk orientation on Portuguese citizens’ preferences for...
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Who’s afraid of immigration? The effect of economic preferences on tolerance
This paper suggests that intergenerationally transmitted ancestral characteristics have a significant impact on attitudes toward immigration. Using a...
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Household Preferences for Investing in Crowdfunding
Using representative survey data on the Dutch population, we analyze households’ actual participation and stated preferences for crowdfunding...
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Updating variational (Bewley) preferences
This paper investigates dynamically consistent updates of weighted unanimity rules given by variational Bewley preferences (VBP), a class of...