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Rules, Preferences, and Evolution from the Family Angle
This chapter reviews the literature concerning the evolution of cultural traits in general and preferences in particular, and the emergence and...
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Measuring Time Preferences Using Stated Credit Repayment Choices
This paper explores consumers’ repayment decisions and their time preferences. We do this through a hypothetical study using a stated-preference...
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Gender and Preferences in the Labor Market: Insights from Experiments
Despite increased female educational attainment and labor market participation, labor markets around the world remain characterized by vertical and...
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Intelligent option portfolio model with perspective of shadow price and risk-free profit
Since Markowitz proposed modern portfolio theory, portfolio optimization has been being a classic topic in financial engineering. Although it is...
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Downside risk aversion vs decreasing absolute risk aversion: an intuitive exposition
Downside risk aversion (downside RA) and decreasing absolute risk aversion (DARA) are different concepts that describe preferences for which the harm...
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Incomplete preferences, willingness to pay, and willingness to accept
We derive representations of incomplete preferences in terms of willingness-to-pay measures. The paper demonstrates how these representations can be...
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On the role of monetary incentives in risk preference elicitation experiments
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard...
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Literacy and Financial Education: Private Providers, Public Certification and Political Preferences
Financial education can influence the level of financial literacy. In many countries public authorities implement financial education policy by means...
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Contracting in Continuous Time: Time-Multiplicative Preferences
We study a generalized version of the classical Holmström-Milgrom (1987) continuous-time model which helps overcome main limitations of discrete-time...
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Socially interdependent risk taking
We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers’ previous risk taking...
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A tale of two cities: an experiment on inequality and preferences
The existence of a strong link between socio-economic background and individual preferences has been documented among both children and grown-ups....
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Preferences for climate change-related fiscal policies in European countries: drivers and seasonal effects
We investigate drivers of preferences for policies of climate change mitigation using the European Social Survey. We find that the share of...
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The impact of risk aversion and ambiguity aversion on annuity and saving choices
We analyze the impact of risk aversion and ambiguity aversion on the competing demands for annuities and bequeathable savings using a lifecycle...
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Investigating the Leisure Patterns and the Well-being of Healthcare Workers in High-Risk Environments: Insights from a Pandemic Landscape
The role of healthcare workers in safeguarding public health, especially during high-risk events such as a pandemic, is paramount. This research...
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Does choice change preferences? An incentivized test of the mere choice effect
Widespread evidence from psychology and neuroscience documents that previous choices unconditionally increase the later desirability of chosen...
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A case study of an experiment during the COVID-19 pandemic: online elicitation of subjective beliefs and economic preferences
We convey our experiences develo** and implementing an online experiment to elicit subjective beliefs and economic preferences. The COVID-19...
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Climate transition risk in determining credit risk: evidence from firms listed on the STOXX Europe 600 index
This paper assesses whether a climate factor is relevant to measure default risk in a sample of main companies listed on the STOXX Europe 600...
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How diverse are farmers’ preferences for large-scale grassland ecological restoration? Evidence from a discrete choice experiment
Despite their multiple ecological benefits, semi-natural grasslands are threatened by intensification and conversion to cropland farming practices....
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How time-inconsistent preferences influence venture capital exit decisions? A new perspective for grandstanding
Considering that the assumption of time consistency does not adequately reveal the mechanisms of exit decisions of venture capital (VC), this study...
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COVID-19 vaccine and risk-taking
We assess whether the COVID-19 vaccine induces COVID-19 risky behavior (e.g., going to bars and restaurants) and thus reduces vaccine efficacy. A key...
