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consistent with the rationality criterion. In contrast, Chapters 3, 4 and 5 take a behavioral approach to decisions under … assumptions of expected utility theory and the basic rationality requirement of consistency with first-order stochastic dominance … by a systematic bias instead of a private information advantage. Contradicting the rationality postulate and ruled out …
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This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to characteristics of “lacking ability”, such as poor education, unemployment, and...
Persistent link: https://www.econbiz.de/10011452571
This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to characteristics of "lacking ability", such as poor education, unemployment, and little...
Persistent link: https://www.econbiz.de/10011608748
This research integrates a standard "cheating" experiment into a broad household survey and finds relationships between … individual characteristics and cheating behavior. We allow for attendance of others at the cheating experiment, addressing the …, while affluence makes cheating costly, as it allows behaving honestly. The underlying experiment in rural Thailand …
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We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …
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