Showing 1 - 10 of 473
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment …
Persistent link: https://www.econbiz.de/10012823553
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012825393
Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human capital investment decisions. To understand how they contribute to international differences in student achievement, we combine PISA tests with the Global Preference Survey. We...
Persistent link: https://www.econbiz.de/10012828793
effects on school grades, but these negative effects are largely confined to children born extremely preterm (<28 weeks of … gestation, i.e. born at least 10 weeks earlier). Children born moderately preterm (i.e. born up to 5 weeks early) suffer no ill … school environment is very important for the outcomes of preterm born children, such that those born extremely preterm that …
Persistent link: https://www.econbiz.de/10012861393
, even though displacement episodes early in children’s lives have the largest impacts on household income (because they … persist for many years), displacement episodes occurring in the children’s teenage years have the largest effects on human … capital accumulation. We show that most of the effects operate through the intensive margin of schooling, and that children …
Persistent link: https://www.econbiz.de/10014243678
fathers and mothers and their children by drawing on a unique dataset of 1,999 members of Bangladeshi families, including 911 … children, aged 6-17 years, and 544 pairs of mothers and fathers. We find a large degree of intergenerational persistence as the … economic preferences of mothers and fathers are significantly positively related to their children’s economic preferences …
Persistent link: https://www.econbiz.de/10011815807
The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...
Persistent link: https://www.econbiz.de/10012892249
In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10014077011
We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability …
Persistent link: https://www.econbiz.de/10013324220
In a model inspired by neuroscience, we show that constrained optimal perception encodes lottery rewards using an S-shaped encoding function and over-samples low-probability events. The implications of this perception strategy for behavior depend on the decision-maker’s understanding of the...
Persistent link: https://www.econbiz.de/10013306853