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Income inequality and risk taking: the impact of social comparison information |
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| Authors: | Schmidt Ulrich Neyse Levent Aleknonyte Milda |
| Affiliation: | 1.Kiel Institute for the World Economy, Kiel, Germany ;2.Department of Economics, Kiel University, Kiel, Germany ;3.Department of Economics and Econometrics, University of Johannesburg, Johannesburg, South Africa ;4.SOEP at German Institute for Economic Research (DIW), Mohrenstrasse 58, 10117, Berlin, Germany ; |
| Abstract: | Theory and Decision - In contrast to the assumptions of standard economic theory, recent experimental evidence shows that the income of peers has a systematic impact on observed degrees of risk... |
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