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Crime and Self-Control Revisited: Disentangling the Effect of Self-Control on Risk and Social Preferences
Friehe, Tim; Schildberg-Hörisch, Hannah - CESifo - 2014
In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self-control is considered a fundamental cause of crime. Relating the arguments from both disciplines, this paper studies the relationship between self-control and both risk and...
Persistent link: https://www.econbiz.de/10010761529
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The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior
Friehe, Tim; Schildberg-Hörisch, Hannah - CESifo - 2014
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010739345
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Performance of Young Adults: The Importance of Different Skills
Falch, Torberg; Nyhus, Ole Henning; Strøm, Bjarne - CESifo - 2013
This paper uses teacher assessments at age 16 in Norwegian comprehensive schools to measure different types of skills. While we follow the literature and interpret test scores in Mathematics and Science as proxy for cognitive skills, we use a novel measure for another type of skills: Performance...
Persistent link: https://www.econbiz.de/10010627556
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Happiness as a Driver of Risk-Avoiding Behavior
Goudie, Robert J. B.; Mukherjee, Sach; Neve, Jan-Emmanuel De - CESifo - 2011
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10009020100
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Can Risk-taking Preferences be Modified? Some Experimental Evidence
Booth, Alison L.; Nolen, Patrick J. - CESifo - 2014
We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify studentsf risk]taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona]Sosa and Nolen (2014), they are first]year...
Persistent link: https://www.econbiz.de/10010877772
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Weber's Law and the Biological Evolution of Risk Preferences: The Selective Dominance of the Logarithmic Utility Function
Sinn, Hans-Werner - CESifo - 2002
The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other preference for decision-making under risk will, with a probability that approaches certainty,...
Persistent link: https://www.econbiz.de/10005765795
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The Intergenerational Transmission of Risk and Trust Attitudes
Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - CESifo - 2008
parents to children; (2) positive assortative mating of parents, which tends to reinforce the impact of parents on the child …
Persistent link: https://www.econbiz.de/10005094270
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Are Groups more Rational than Individuals? A Review of Interactive Decision Making in Groups
Kugler, Tamar; Kausel, Edgar E.; Kocher, Martin G. - CESifo - 2012
consistent in revealing that groups behave closer to the game-theoretical assumption of rationality and selfishness than …
Persistent link: https://www.econbiz.de/10009416117
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The Weak Rationality Principle in Economics
Kirchgässner, Gebhard - CESifo - 2005
The weak rationality principle is not an empirical statement but a heuristic rule of how to proceed in social sciences …-foundation and, therefore, employ the rationality assumption in economic models. Then, with reference to the ‘bounded rationality … a part of the rationality assumption. We conclude with some remarks on handling the problems of ‘free will’ as well as …
Persistent link: https://www.econbiz.de/10005406455
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A Study of Outcome Reporting Bias Using Gender Differences in Risk Attitudes
Crosetto, Paolo; Filippin, Antonio; Heider, Janna - CESifo - 2013
This paper exploits a large dataset of replications of the Holt and Laury (2002) risk elicitation task to study a possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the experimental literature according to which women are more prudent...
Persistent link: https://www.econbiz.de/10010711138