Academic Journal
RISK AVERSION, LEVEL AND INCENTIVE EFFECTS: A LABORATORIAL EXPERIMENT WITH UFC STUDENTS
| العنوان: | RISK AVERSION, LEVEL AND INCENTIVE EFFECTS: A LABORATORIAL EXPERIMENT WITH UFC STUDENTS |
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| المؤلفون: | Ricardo Brito Soares, Patrícia Simôes, Paulo de Melo Jorge Neto |
| المصدر: | Contextus, Vol 0, Iss 0, Pp 10-33 (2018) |
| بيانات النشر: | Universidade Federal do Ceará, 2018. |
| سنة النشر: | 2018 |
| المجموعة: | LCC:Commerce LCC:Economic theory. Demography |
| مصطلحات موضوعية: | Aversão ao risco, Loteria, Experimento laboratorial, Efeito escala, Efeito incentivo, Commerce, HF1-6182, Economic theory. Demography, HB1-3840 |
| الوصف: | This paper makes an empirical study about decision making under uncertainty among students of the Federal University of Ceará. In order to measure individual risk preferences, an elicitation technique called the Multiple Price Lists is used. Such a methodology was popularized by Holt and Laury (2002) and makes use of a list of paired lotteries, structured in such a way that the number of safe choices of the individual can be used to estimate his or her degree of risk aversion. As a result, the level of risk aversion found is higher than predicted by the theory and the hypothesis of the value scale effect as well as that of the monetary incentive effect are validated by the experiment. Thus, this work shows that there is a tendency to underestimate the willingness of individuals to take risks in hypothetical laboratory experiments, with the possibility of economic losses. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English Spanish; Castilian Portuguese |
| تدمد: | 1678-2089 2178-9258 |
| Relation: | http://www.periodicos.ufc.br/contextus/article/view/33266; https://doaj.org/toc/1678-2089; https://doaj.org/toc/2178-9258 |
| DOI: | 10.19094/contextus.v0i0.33266 |
| URL الوصول: | https://doaj.org/article/daf595f468e84451b55a0b4809edd297 |
| رقم الانضمام: | edsdoj.f595f468e84451b55a0b4809edd297 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 16782089 21789258 |
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| DOI: | 10.19094/contextus.v0i0.33266 |