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  1. Income inequality and risk taking: the impact of social comparison information.Ulrich Schmidt, Levent Neyse & Milda Aleknonyte - 2019 - Theory and Decision 87 (3):283-297.
    In contrast to the assumptions of standard economic theory, recent experimental evidence shows that the income of peers has a systematic impact on observed degrees of risk aversion. This paper reports the findings of two experiments examining the impact of income inequality on risk preferences and whether the knowledge of inequality mediates the decisions. In Experiment 1, participants who were recruited for a real-effort task were paid either a low wage or a high wage. Half of the participants were aware (...)
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  • Heterogeneity in Risk-Taking During the COVID-19 Pandemic: Evidence From the UK Lockdown.Benno Guenther, Matteo M. Galizzi & Jet G. Sanders - 2021 - Frontiers in Psychology 12.
    In two pre-registered online studies during the COVID-19 pandemic and the early 2020 lockdown (one of which with a UK representative sample) we elicit risk-tolerance for 1,254 UK residents using four of the most widely applied risk-taking tasks in behavioral economics and psychology. Specifically, participants completed the incentive-compatible Balloon Analog Risk Task (BART) and the Binswanger-Eckel-Grossman (BEG) multiple lotteries task, as well as the Domain-Specific Risk-Taking Task (DOSPERT) and the self-reported questions for risk-taking used in the German Socio-economic Panel (SOEP) (...)
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  • Stake effects on ambiguity attitudes for gains and losses.Ranoua Bouchouicha, Peter Martinsson, Haileselassie Medhin & Ferdinand M. Vieider - 2017 - Theory and Decision 83 (1):19-35.
    We test the effect of stake size on ambiguity attitudes. Compared to a baseline condition, we find subjects to be more ambiguity seeking for small-probability gains and large-probability losses under high stakes. They are also more ambiguity averse for large-probability gains and small-probability losses. We trace these effects back to stake effects on decisions under risk and uncertainty. For risk, we replicate previous findings. For uncertainty, we find an increase in probabilistic insensitivity under high stakes that is driven by increased (...)
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