Results 71 to 80 of about 1,243,165 (206)
How People Know Their Risk Preference [PDF]
SSRN Electronic Journal, 2019 People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries)—a dominant class of measures—are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains.
Ruben C. Arslan +5 more
openaire +10 more sources
Estimating Risk Preferences in the Field [PDF]
, 2018 We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise.
Barseghyan, Levon +3 more
core +1 more source
Diversification Preferences in the Theory of Choice
, 2015 Diversification represents the idea of choosing variety over uniformity. Within the theory of choice, desirability of diversification is axiomatized as preference for a convex combination of choices that are equivalently ranked.
De Giorgi, Enrico G., Mahmoud, Ola
core +1 more source
Measuring risk attitudes among Mozambican farmers: [PDF]
Although farmers in developing countries are generally thought to be risk averse, little is known about the actual form of their risk preferences. In this paper, we use a relatively large field experiment to explore risk preferences related to sweet ...
de Brauw, Alan, Eozenou, Patrick
core
Some Simulation Results for a Green Insurance Mechanism
Journal of Agricultural and Resource Economics, 2005 This analysis extends previous work on green insurance by proposing a mechanism that offers a stronger adoption incentive and is applicable to heterogeneous populations and non-binary adoption decisions.
Kenneth A. Baerenklau
doaj +1 more source
Frontiers in Psychiatry, 2017 Individual differences in decision-making are important in both normal populations and psychiatric conditions. Variability in decision-making could be mediated by different subjective utilities or by other processes.
Jonathon R. Howlett, Martin P. Paulus
doaj +1 more source
Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Semi-parametric Tests with an Application to Village Economies [PDF]
Previous tests of efficient risk sharing have assumed that households have identical risk preferences. This assumption is equivalent to the restriction that households can pool their resources, but cannot optimally allocate them according to individual ...
Maurizio Mazzocco, Shiv Saini
core
Is There Selection Bias in Laboratory Experiments? The Case of Social and Risk Preferences [PDF]
Laboratory experiments are frequently used to examine the nature of individual preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are representative of the population from which the ...
Cleave, Blair L. +2 more
core
Risk preferences of learning algorithms
Games and Economic BehaviorAgents' learning from feedback shapes economic outcomes, and many economic decision-makers today employ learning algorithms to make consequential choices. This note shows that a widely used learning algorithm, $\varepsilon$-Greedy, exhibits emergent risk aversion: it prefers actions with lower variance.
Andreas Haupt, Aroon Narayanan
openaire +3 more sources
How people’s motivational system and situational motivation influence their risky financial choices
Frontiers in Psychology, 2016 People’s preferences for risks have been a subject of interest to researchers in both the economy and psychology fields over the last few years. This has given rise to many important findings about the role of psychological factors that influence people ...
Katarzyna Sekścińska +5 more
doaj +1 more source