Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 4

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  RISK AVERSION
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

TESTING PROSPECT THEORY PARAMETERS AND THE IMPACT OF HUMAN CAPITAL IN THE BUSINESS DOMAIN

100%
Zelienková A.
Ekonomický časopis (Journal of Economics)
|
2021
|
vol. 69
|
issue 4
423 – 442
EN
This paper contributes to the current body of knowledge regarding prospect theory parameter testing in the business domain. The aim of this research was threefold. First, the methodology of Tversky and Kahneman (1992) was used to extract parameters for risk aversion, loss aversion and weighting function from a sample of entrepreneurs. Second, differences in the prospect theory parameters dependent on the business performance were examined. Third, differences in risk preferences based on human capital investments, thus education and parental entrepreneurial background, were tested. Findings showed that entrepreneurs are risk-seeking, have quite low loss aversion and an average ability to estimate probabilities. It was shown that entrepreneurs with a university degree have higher ability to estimate probabilities than entrepreneurs without university education. Regarding business performance, it was shown that entrepreneurs in the stabilization phase were the most risk-seeking, which contradictory to the reflection effect is proposed by Fiegenbaum and Thomas (1988). Results of this research suggest that entrepreneurs differ from other high-achieving individuals in their attitude toward loss rather than risk-seeking attitude.
2
Publication available in full text mode
Content available

Efekt wzrostu awersji do ryzyka na popyt na samoubezpieczenie w modelu dynamicznym

100%
Piotr D.
Współczesna Gospodarka
|
2012
|
vol. 3
|
issue 2
35-47
EN
This work shows that in a two-period framework increase in risk-aversion is not a sufficient condition to invest more in self-insurance, as it is in one-period setting (Dionne and Eeckhoudt). We prove that other factors important for decision-making exist. Relationship between size of loss and future and present income is crucial in this problem. We consider two cases – when an effort to prevent risk precedes its effect and when it is simultaneous. We show that those cases are mathematically and economically different.
3

STEREOTYPES CONCERNS AND DISCREET EXISTENCE OF DIFFERENCES BETWEEN MEN AND WOMEN IN RISK-AVERSION – A REPLICATION STUDY

75%
Adamus M., Grežo M., Dudeková K.
Studia Psychologica
|
2021
|
vol. 63
|
issue 3
221 – 251
EN
The present research conceptually replicates and extends the results of a study on the relation between individuals’ sex, their risk attitudes and stereotype threat (Carr & Steele, 2010). The authors reported that differences between men and women in risk aversion emerged only after activating negative stereotypes about women’s performance in mathematics. A total of 321 Slovaks, whose are randomly assigned to control or experimental treatments, answered questions on their risk aversion, anxiety, analytical reasoning and gender self-concept. We expected to observe differences between men and women only after activating stereotypes. Aware of the issues with the consistency of different risk aversion measures, we investigated whether the effect of stereotype threat on risk aversion differs across three different risk aversion measures. Additionally, we explored whether this effect depends on how the stereotype threat is activated (explicit vs. implicit activation). Finally, to explain the mechanism through which stereotypes foster women’s risk aversion, we explored the moderating effect of gender self-concept and mediating effects of anxiety and analytical reasoning on the relationship between stereotype threat and risk aversion. In general, the study found no differences between men and women in risk aversion and did not replicate the original effect of stereotype threat on risk aversion.
4

WHO DOESN’T TAKE A RISK, NEVER GETS TO DRINK CHAMPAGNE: WOMEN, RISK AND ECONOMICS

75%
Adamus M.
Človek a spoločnosť. Internetový časopis pre pôvodné teoretické a výskumné štúdie z oblasti spoločenských vied
|
2018
|
vol. 21
|
issue 2
16 - 30
EN
This paper provides an overview of studies, mainly experimental, on risk aversion of women and men. First, it discusses results indicating greater risk aversion among women and linking it with biological characteristics. Then it lists studies refuting these differences or pointing to sources other than biological. The entire discussion will be framed in the context of Identity Economics (IE) suggesting that women’s risk preferences may be linked with identity and thus also with normative requirements placed on them. The main aim of the study is to examine whether commonly accepted claims are not persistent stereotypes and whether differences arise out of social, cultural or contextual rather biological causes. It presents arguments supporting the hypothesis that women are a varied group and their risk attitudes are sensitive to even slight contextual alterations. The main subject of the paper is risk aversion – one of the most important factors believed to differentiate women from men and affecting their incomes, social status and generally professional success. The main aim of the study is to demonstrate that risk aversion is not absolute and immune to manipulations. The paper shows that women are a much more diverse group than many papers claim and risk attitudes are sensitive to slight modifications, including used measures, and is strongly affected by social and cultural factors.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.