IZA Discussion Papers

published as 'An Integrated Theory of Relative Deprivation and Risk-Laden Migration' in: Robert M. Sauer (ed.), World Scientific Handbook of Global Migration Vol. 2. Singapore: World Scientific Publishing, 2024, 165–175

IZA Discussion Paper No. 15854

Inequality and Risk Preference

Harry Pickard, Thomas Dohmen, Bert van Landeghem

[This version: February 2024] published in: Journal of Risk and Uncertainty, 2024, 69, 191 - 217

IZA Discussion Paper No. 15763

On the Psychology of the Relation between Optimism and Risk Taking

Thomas Dohmen, Simone Quercia, Jana Willrodt

published in: Journal of Risk and Uncertainty, 2023, 67, 193–214.

IZA Discussion Paper No. 15712

The Distribution of Ambiguity Attitudes

Hans-Martin von Gaudecker, Axel Wogrolly, Christian Zimpelmann

IZA Discussion Paper No. 15536

How Do Humans Respond to Huge Financial Losses?

Redzo Mujcic, Nattavudh Powdthavee

IZA Discussion Paper No. 14993

Parental Separation and the Formation of Economic Preferences

Sarah C. Dahmann, Nathan Kettlewell, Jack Lam

IZA Discussion Paper No. 14835

Reference Points and the Tradeoff between Risk and Incentives

Thomas Dohmen, Arjan Non, Tom Stolp

published in: Journal of Economic Behavior & Organization, 2021, 192, 813–831

IZA Discussion Paper No. 14828

Dissecting Inequality-Averse Preferences

Marcelo Bergolo, Gabriel Burdin, Santiago Burone, Mauricio De Rosa, Matias Giaccobasso, Martin Leites

revised version published in: Journal of Economic Behavior and Organization, 2022, 200, 782-802

IZA Discussion Paper No. 14823

Preferences and COVID-19 Vaccination Intentions

Serge Blondel, François Langot, Judith E. Mueller, Jonathan Sicsic

IZA Discussion Paper No. 14515

Foundations of Utilitarianism under Risk and Variable Population

Dean Spears, Stéphane Zuber

IZA Discussion Paper No. 14317

Structural Models for Policy-Making: Coping with Parametric Uncertainty

Philipp Eisenhauer, Janos Gabler, Lena Janys

IZA Discussion Paper No. 14301

Financial Advice and Household Financial Portfolios

Sarah Brown, Alessandro Bucciol, Alberto Montagnoli, Karl Taylor

published in: Oxford Bulletin of Economics and Statistics, 2025, 87 (2), 382-413.

IZA Discussion Paper No. 14241

The COVID-19 Pandemic's Effects on Voter Turnout

Matteo Picchio, Raffaella Santolini

published in: European Journal of Political Economy, 2022, 73, 102161

IZA Discussion Paper No. 13915

Economic Preferences and Obesity: Evidence from a Clinical Lab-in-Field Experiment

Chiara Pastore, Stefanie Schurer, Agnieszka Tymula, Nicholas Fuller, Ian Caterson

published in: Health Economics, 2023, 32 (9), 2147-2167

IZA Discussion Paper No. 13912

Did COVID-19 Change Life Insurance Offerings?

Timothy F. Harris, Aaron Yelowitz, Charles Courtemanche

published in: Journal of Risk and Insurance, 2021, 88 (4), 831-861

IZA Discussion Paper No. 13828

Risk Preferences and Training Investments

Marco Caliendo, Deborah A. Cobb-Clark, Cosima Obst, Arne Uhlendorff

revised version published in: Journal of Economic Behaviour and Organization, 2023, 205, 668-686

IZA Discussion Paper No. 13798

To Buy or Not to Buy? Price Salience in an Online Shopping Field Experiment

Markus Dertwinkel-Kalt, Mats Köster, Matthias Sutter

published in: European Economic Review, 2020, 130, 103593

IZA Discussion Paper No. 13745

Predictors of Social Distancing and Mask-Wearing Behavior: Panel Survey in Seven U.S. States

Plamen Nikolov, Andreas Pape, Ozlem Tonguc, Charlotte Williams

IZA Discussion Paper No. 13723

How People Know Their Risk Preference

Ruben C. Arslan, Martin Brümmer, Thomas Dohmen, Johanna Drewelies, Ralph Hertwig, Gert G. Wagner

published in: Scientific Reports, 2020, 10, 15365

IZA Discussion Paper No. 13646

Higher Order Risk Preferences: New Experimental Measures, Determinants and Field Behavior

Sebastian O. Schneider, Matthias Sutter

IZA Discussion Paper No. 13645

Uncertainty and Firms' Labour Decisions. Evidence from European Countries

Alberto Urtasun, Marta Martínez Matute

published in: Journal of Applied Economics, 2022, 25 (1), 220 - 241

IZA Discussion Paper No. 13628

Psychological Pressure and the Right to Determine the Moves in Dynamic Tournaments: Evidence from a Natural Field Experiment

Mark Kassis, Sascha L. Schmidt, Dominik Schreyer, Matthias Sutter

published in: Games and Economic Behavior, 2021, 126, 278-287.

IZA Discussion Paper No. 13580

Behavioral Welfare Economics and Risk Preferences: A Bayesian Approach

Xiaoxue Sherry Gao, Glenn Harrison, Rusty Tchernis

IZA Discussion Paper No. 13547

Against All Odds: Tentative Steps Toward Efficient Information Sharing in Groups

Darius Schlangenotto, Wendelin Schnedler, Radovan Vadovic

published in: Games, 2020, 11 (3), 31

IZA Discussion Paper No. 13451

Economic Preferences across Generations and Family Clusters: A Large-Scale Experiment

Shyamal Chowdhury, Matthias Sutter, Klaus F. Zimmermann

published as 'Economic preferences across generations and family clusters: A large-scale experiment in a developing country' in: Journal of Political Economy, 2022, 130 (9), 2361-2410.

IZA Discussion Paper No. 13083

Rational Inattention and Migration Decisions

Simone Bertoli, Jesús Fernández-Huertas Moraga, Lucas Guichard

published in: Journal of International Economics, 2020, 126, 103364

IZA Discussion Paper No. 13054

Becoming Sensitive: Males' Risk and Time Preferences after the 2008 Financial Crisis

Michael Jetter, Leandro Magnusson, Sebastian Roth

published in: European Economic Review, 2020, 128, 103512

IZA Discussion Paper No. 12869

Ambiguity and Excuse-Driven Behavior in Charitable Giving

Thomas Garcia, Sebastien Massoni, Marie Claire Villeval

revised version published in: European Economic Review, 2020,124, 103412

IZA Discussion Paper No. 12758

Immigrant Examination Behavior

Gil S. Epstein, Shahar Sansani

published in: Education Economics, 2019, 28 (2), 136–155

IZA Discussion Paper No. 12756

Relative Deprivation as a Cause of Risky Behaviors

Oded Stark

published in: Journal of Gambling Studies, 2021, 37, 817–835

IZA Discussion Paper No. 12726

Female Workers, Male Managers: Gender, Leadership, and Risk-Taking

Ulf Rinne, Hendrik Sonnabend

published in: Southern Economic Journal, 2022, 88 (3), 906 - 930

IZA Discussion Paper No. 12701

Foundations of the Rank-Dependent Probability Weighting Function

Matthew D. Rablen

IZA Discussion Paper No. 12637

Pure Rank Preferences and Variation in Risk-Taking Behavior

Oded Stark, Wiktor Budzinski, Marcin Jakubek

published in: Economics Letters, 2019, 184, 108636

IZA Discussion Paper No. 12626

Time Delay and Investment Decisions: Evidence from an Experiment in Tanzania

Plamen Nikolov

published in: Economics Bulletin, 2018, 38 (2), 1124-1137.

IZA Discussion Paper No. 12583

Can a Deportation Policy Backfire?

Oded Stark, Lukasz Byra

published in: Public Choice, 2020, 183, 29 - 41

IZA Discussion Paper No. 12522

Gender Differences in Wage Expectations: Sorting, Children, and Negotiation Styles

Lukas Kiessling, Pia Pinger, Philipp K. Seegers, Jan Bergerhoff

published in: Labour Economics, 2024, 87, 12522

IZA Discussion Paper No. 12518

The Likelihood of Divorce and the Riskiness of Financial Decisions

Oded Stark, Krzysztof Szczygielski

published in: Journal of Demographic Economics, 2019, 85 (3), 209 - 229

IZA Discussion Paper No. 12508

One Step at a Time: Does Gradualism Build Coordination?

Maoliang Ye, Jie Zheng, Plamen Nikolov, Samuel Asher

published in: Management Science, 2019, 66 (1), 113-129.

IZA Discussion Paper No. 12423

On Social Preferences and the Intensity of Risk Aversion

Oded Stark

published in: Journal of Risk and Insurance, 2019, 86 (3), 807 - 826

IZA Discussion Paper No. 12395

Do Measures of Risk Attitude in the Laboratory Predict Behavior under Risk in and outside of the Laboratory?

Gary Charness, Thomas Garcia, Theo Offerman, Marie Claire Villeval

revised version published in: Journal of Risk and Uncertainty, 2020, 60, 99-123

IZA Discussion Paper No. 12378

Testing the Reference-Dependent Model: A Laboratory Search Experiment

Takahiro Miura, Keigo Inukai, Masaru Sasaki

IZA Discussion Paper No. 12330

The Economic Preferences of Cooperative Managers

Guillermo Alves, Pablo Blanchard, Gabriel Burdin, Mariana Chávez, Andres Dean

revised version published as 'Like principal, like agent? Managerial preferences in employee-owned firms' in: Journal of Institutional Economics, 2022, 18 (6), 877 - 899

IZA Discussion Paper No. 12268

Asset Integration, Risk Taking and Loss Aversion in the Laboratory

William G. Morrison, Robert J. Oxoby

published in: Canadian Journal of Economics, 2022, 55 (3), 1460 - 1479

IZA Discussion Paper No. 12221

NDC: The Generic Old-Age Pension Scheme

Marek Góra, Edward Palmer

published in: Robert Holzmann, Edward Palmer, Robert Palacios, and Stefano Sacchi (eds.), Progress and Challenges of Nonfinancial Defined Pension, Vol. 1, International Bank for Reconstruction and Development / The World Bank, Washington DC, 2020, 167 - 188

IZA Discussion Paper No. 12057

Risk Aversion and Entrepreneurship: New Evidence Exploiting Exposure to Massive Earthquakes in Italy

Guido de Blasio, Maria De Paola, Samuele Poy, Vincenzo Scoppa

published in: Small Business Economics, 2021, 57, 295-322

IZA Discussion Paper No. 11948

The Effect of Risk Assessment Scores on Judicial Behavior and Defendant Outcomes

Carly Will Sloan, George S Naufal, Heather Caspers

published online in: Journal of Human Resources, 08 May 2023

IZA Discussion Paper No. 11918

Time Will Tell: Recovering Preferences When Choices Are Noisy

Carlos Alós-Ferrer, Ernst Fehr, Nick Netzer

published in: Journal of Political Economy, 2021, 129 (6), 1828–1877

IZA Discussion Paper No. 11901

Civil War, Natural Disaster and Risk Preferences: Evidence from Sri Lankan Twins

Nathan Kettlewell, Fruhling Rijsdijk, Sisira Siribaddana, Athula Sumathipala, Agnieszka Tymula, Helena Zavos, Nicholas Glozier

IZA Discussion Paper No. 11880

Prediction Based on Entrepreneurship-Prone Personality Profiles: Sometimes Worse Than the Toss of a Coin

Alexander Konon, Alexander S. Kritikos

published in: Small Business Economics, 2019, 53 (1), 1-20

IZA Discussion Paper No. 11816

Climatic Roots of Loss Aversion

Oded Galor, Viacheslav Savitskiy

IZA Discussion Paper No. 11642

Willingness to Take Risk: The Role of Risk Conception and Optimism

Thomas Dohmen, Simone Quercia, Jana Willrodt

substantially revised version available as IZA Discussion Paper No. 15763

IZA Discussion Paper No. 11641

Risky Choices and Solidarity: Why Experimental Design Matters

Conny Wunsch, Renate Strobl

published as 'Risky Choices and Solidarity: Disentangling Different Behavioural Channels' in. Experimental Economics, 2021, 24, 1185–1214

IZA Discussion Paper No. 11489

The Moral Hazard of Lifesaving Innovations: Naloxone Access, Opioid Abuse, and Crime

Jennifer Doleac, Anita Mukherjee

IZA Discussion Paper No. 11337

Evaluating Intergenerational Persistence of Economic Preferences: A Large Scale Experiment with Families in Bangladesh

Shyamal Chowdhury, Matthias Sutter, Klaus F. Zimmermann

IZA Discussion Paper No. 11236

The Risk and Time Preferences of Young Truants and Their Parents

Emma Antrobus, Victoria Baranov, Deborah A. Cobb-Clark, Lorraine Mazerolle, Agnieszka Tymula

IZA Discussion Paper No. 11201

Gender Differences in Competitiveness and Risk-Taking among Children, Teenagers, and College Students: Evidence from Jeopardy!

Michael Jetter, Jay K. Walker

published in: B.E. Journal of Economic Analysis and Policy, 2020, 20 (2), 20190179.

IZA Discussion Paper No. 11158

Socio-Economic Status and Inequalities in Children's IQ and Economic Preferences

Thomas Deckers, Armin Falk, Fabian Kosse, Pia Pinger, Hannah Schildberg-Hörisch

published in: Journal of Political Economy, 2021, 129 (9), 2504 -2545

IZA Discussion Paper No. 11015

Media and Occupational Choice

Alexander Konon, Alexander S. Kritikos

IZA Discussion Paper No. 10985

Bayesian versus Heuristic-Based Choice under Sleep Restriction and Suboptimal Times of Day

David L. Dickinson, Todd McElroy

revised version published in: Games and Economic Behavior, 2019, 115, 48-59.

IZA Discussion Paper No. 10982

The Impact of Non-Cognitive Skills and Risk Preferences on Rural-to-Urban Migration: Evidence from Ukraine

Sinem H. Ayhan, Kseniia Gatskova, Hartmut Lehmann

published in: Journal of Comparative Economics, 2020, 48 (1), 144 - 162.

IZA Discussion Paper No. 10955

Motivational Goal Bracketing: An Experiment

Alexander K. Koch, Julia Nafziger

published in: Journal of Economic Theory, 2020, 185, 104949

IZA Discussion Paper No. 10906

Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya

Renate Strobl, Conny Wunsch

published as 'Risky Choices and Solidarity: Disentangling Different Behavioural Channels' in: Experimental Economics, 2021, 24, 1185 - 1214

IZA Discussion Paper No. 10877

Too Lucky to Be True: Fairness Views under the Shadow of Cheating

Stefania Bortolotti, Ivan Soraperra, Matthias Sutter, Claudia Zoller

published online in: Review of Economics and Statistics, 29 November 2023

IZA Discussion Paper No. 10793

Safe Options Induce Gender Differences in Risk Attitudes

Paolo Crosetto, Antonio Filippin

IZA Discussion Paper No. 10792

Competition and Subsequent Risk-Taking Behaviour: Heterogeneity across Gender and Outcomes

Antonio Filippin, Francesca Gioia

published in: Journal of Behavioral and Experimental Economics, 2018, 75, 84-94

IZA Discussion Paper No. 10754

Disappointment Aversion and Social Comparisons in a Real-Effort Competition

Simon Gächter, Lingbo Huang, Martin Sefton

revised version published in Economic Inquiry, 2018, 56 (3), 1512-1525

IZA Discussion Paper No. 10717

Female Babies and Risk-Aversion

Ganna Pogrebna, Andrew J. Oswald, David Haig

published in: Journal of Health Economics, 2018, 58, 10 - 17

IZA Discussion Paper No. 10603

Risk Attitudes and Household Migration Decisions

Christian Dustmann, Francesco Fasani, Xin Meng, Luigi Minale

published in: Journal of Human Resources, 2023 58 (1), 112-145

IZA Discussion Paper No. 10545

True Overconfidence, Revealed through Actions: An Experiment

Stephen L. Cheung, Lachlan Johnstone

revised version forthcoming in: Journal of Risk and Uncertainty, 2025.

IZA Discussion Paper No. 10530

Identification and Decompositions in Probit and Logit Models

Chung Choe, Seeun Jung, Ronald L. Oaxaca

published in: Empirical Economics, 2020, 59, 1479–1492 .

IZA Discussion Paper No. 10348

Internal and External Validity of Experimental Risk and Time Preferences

Christian Belzil, Modibo Sidibé

IZA Discussion Paper No. 10151

Anchoring in Financial Decision-Making: Evidence from the Field

Michael Jetter, Jay K. Walker

published in: Journal of Economic Behavior & Organization, 2017, 141: 164-176

IZA Discussion Paper No. 10132

Gender Wage Gaps and Risky vs. Secure Employment: An Experimental Analysis

Seeun Jung, Chung Choe, Ronald L. Oaxaca

published in: Labour Economics, 2018, 52, 112-121

IZA Discussion Paper No. 10110

The Long-Term Impact of International Migration on Economic Decision-Making: Evidence from a Migration Lottery and Lab-in-the-Field Experiments

John Gibson, David McKenzie, Halahingano Rohorua, Steven Stillman

published in: Journal of Development Economics, 2019, 138, 99-115

IZA Discussion Paper No. 10019

Mind, Behaviour and Health: A Randomised Experiment

Yonas Alem, Hannah Behrendt, Michèle Belot, Aniko Biro

published in: PLoS ONE, 2021, 16 (11), e0258172

IZA Discussion Paper No. 10011

Gender Differences in Risk-Taking: Evidence from Professional Basketball

René Böheim, Christoph Freudenthaler, Mario Lackner

IZA Discussion Paper No. 9870

The Impact of Violence on Individual Risk Preferences: Evidence from a Natural Experiment

Pamela Jakiela, Owen Ozier

published in: Review of Economics and Statistics, 2019, 101 (3), 547 - 599

IZA Discussion Paper No. 9854

The Adverse Consequences of Tournaments: Evidence from a Field Experiment

Maria De Paola, Francesca Gioia, Vincenzo Scoppa

published in: Journal of Economic Behavior & Organization, 2018, 151, 1-18

IZA Discussion Paper No. 9766

Doing Your Best When Stakes Are High? Theory and Experimental Evidence

Nicolas Houy, Jean-Philippe Nicolaï, Marie Claire Villeval

revised version published as 'Always doing your best? Effort and performance in dynamic settings' in: Theory and Decision, 2020, 89 (3), 249-286

IZA Discussion Paper No. 9765

Eliciting Risk Preferences: Firefighting in the Field

Utteeyo Dasgupta, Subha Mani, Smriti Sharma, Saurabh Singhal

published as 'Internal and external validity: Comparing two simple risk elicitation tasks' in: Journal of Behavioral and Experimental Economics, 2019, 81, 39 - 46

IZA Discussion Paper No. 9614

Same Process, Different Outcomes: Group Performance in an Acquiring a Company Experiment

Marco Casari, Jingjing Zhang, Christine Jackson

IZA Discussion Paper No. 9613

Does Self-Control Depletion Affect Risk Attitudes?

Holger Gerhardt, Hannah Schildberg-Hörisch, Jana Willrodt

published in: European Economic Review, 2017, 100, 463-487.

IZA Discussion Paper No. 9446

Competitiveness and the Gender Gap among Young Business Professionals

Ernesto Reuben, Paola Sapienza, Luigi Zingales

published in: Journal of Finance, 2024, 79, 1087-1121

IZA Discussion Paper No. 9445