Browsing by Autor "Nicolas Roux"
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Item type: Item , Back to Basics: Sticky Prices in the Monetary Transmission Mechanism(RELX Group (Netherlands), 2011) Nicolas RouxItem type: Item , Deposit Insurance and Depositor Behavior: Evidence from Colombia(RELX Group (Netherlands), 2021) Nicolas Roux; Nicola LimodioItem type: Item , Disrupted Academic Careers: The Returns to Time Off after High School(RELX Group (Netherlands), 2020) Nicolas RouxItem type: Item , Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments(RELX Group (Netherlands), 2021) Nicolas Roux; Marcela Eslava; Santiago Franco; Eric VerhoogenItem type: Item , Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments(RELX Group (Netherlands), 2021) Nicolas Roux; Marcela Eslava; Santiago Franco; Eric VerhoogenItem type: Item , Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments(RELX Group (Netherlands), 2021) Nicolas Roux; Marcela Eslava; Silvio Franco; Eric VerhoogenItem type: Item , Exogenous Shocks, Credit Reports and Access to Credit: Evidence from Colombian Coffee Producers(RELX Group (Netherlands), 2021) Nicolas RouxItem type: Item , Forgone Investment: Civil Conflict and Agricultural Credit in Colombia(RELX Group (Netherlands), 2021) Nicolas Roux; Luis R. MartínezItem type: Item , Is it my money or not? An experiment on risk aversion and the house-money effect(Springer Science+Business Media, 2013) Juan-Camilo Cárdenas; Nicolas Roux; Christian Jaramillo; Luis R. MartínezAbstract The house-money effect, understood as people’s tendency to be more daring with easily-gotten money, is a behavioral pattern that poses questions about the external validity of experiments in economics: to what extent do people behave in experiments like they would have in a real-life situation, given that they play with easily-gotten house money? We ran an economic experiment with 122 students to measure the house-money effect on their risk preferences. They received an amount of money with which they made risky decisions involving losses and gains; a randomly selected treatment group received the money 21 days in advance and a control group got it the day of the experiment. From a simple calculation we found that participants in the treatment group only spent on average approximately 35 % of their cash in advance. The data confirms the well documented results that men are more tolerant to risk than women, and that individuals in general are more risk tolerant towards losses than towards gains. With our preferred specification, we find a mean CRRA risk aversion coefficient of 0.34, with a standard deviation of 0.09. Furthermore, if subjects in the treatment group spent 35 % of the endowment their CRRA risk aversion coefficient is higher than that of the control group by approximately 0.3 standard deviations. We interpret this result as evidence of a small and indirect house money effect operating though the amount of the cash in advance that was actually spent. We conclude that the house money effect may play a small role in decisions under uncertainty, especially when involving losses. Our novel design, however, could be used for other domains of decision making both in the lab and for calibration of economic models used in micro and macroeconomics.Item type: Item , It’s Not My Money: An Experiment on Risk Aversion and the House-Money Effect(RELX Group (Netherlands), 2010) Luis R. Martínez; Christian Jaramillo; Nicolas Roux; Juan-Camilo CárdenasItem type: Item , Labor Market Power in Developing Countries: Evidence from Colombian Plants(RELX Group (Netherlands), 2021) Francesco Amodio; Nicolas RouxItem type: Item , <span>Farm Size Distribution, Weather Shocks, and Agricultural Productivity</span>(RELX Group (Netherlands), 2025) J.C. Arteaga; Nicolas Roux; Margarita Gáfaro; Ana M. Ibáñez; Heitor S. PellegrinaItem type: Item , Quality Upgrading in Global Supply Chains: Evidence from Colombian Coffee(RELX Group (Netherlands), 2026) Rocco Macchiavello; Josepa Miquel-Florensa; Nicolas Roux; Eric Verhoogen; Mario Bernasconi; Paul J. FarrellItem type: Item , Quality Upgrading in Global Supply Chains: Evidence from Colombian Coffee(RELX Group (Netherlands), 2026) Rocco Macchiavello; Josepa Miquel-Florensa; Nicolas Roux; Eric Verhoogen; Mario Bernasconi; Patrick FarrellItem type: Item , Replication files for "Deposit Insurance and Depositor Behavior: Evidence from Colombia", The Review of Financial Studies(Harvard University, 2022) Nicolas Roux; Nicola LimodioThis folder contains data and code to replicate the results of the paper "Deposit Insurance and Depositor Behavior: Evidence from Colombia" by Nicolás de Roux and Nicola Limodio, accepted for publication in The Review of Financial Studies.