Working Papers

Seria wydawnicza WNE WORKING PAPERS prowadzona jest przez WNE UW od 2008 r. i jak dotąd opublikowano w niej ponad 400 prac.

Seria WNE Working Papers służy szybkiemu upowszechnianiu wyników badań prowadzonych na Wydziale Nauk Ekonomicznych UW. Publikowane tu teksty mają charakter wersji roboczych (pre-printów): mogą być uzupełniane lub poprawiane w miarę postępu prac nad tekstem i procesu wydawniczego. Prezentujemy aktualną wersję udostępnioną przez autorów, opatrzoną datą oraz identyfikatorami DOI/ISSN – co ułatwia jej cytowanie i śledzenie kolejnych iteracji. Każdy dokument zachowuje pełne prawa autorskie swoich twórców, a w przypadku późniejszych zmian, autorzy mogą w dowolnym momencie zamieścić zaktualizowany plik lub wskazać miejsce ostatecznego wydania.

Do serii WORKING PAPERS przyjmowane są artykuły pracowników naukowych WNE UW oraz publikacje z konferencji organizowanych na WNE UW. Artykuły powinny dotyczyć ekonomii, mieć charakter oryginalnych prac badawczych, nie być wcześniej publikowane. Przyjmowane są wyłącznie teksty w języku angielskim.

Prace prosimy przesyłać e-mailem na adres: d?}H%tDs_T`Fu]/&w[=80\I+a9G]#[\#p0kc'dAEF5it%r]d009B*|j*0

Prosimy przesyłać dwa pliki:

(1) główny tekst bez podania tytułu artykułu oraz autorów (plik DOC/DOCX) oraz

(2) stronę tytułową zawierającą: tytuł opracowania, autorów oraz ich afiliację (plik DOC/DOCX). 

Przed przesłaniem tekstu prosimy zapoznać się z szczegółowymi wymogami edycyjnymi.

Redaktorem wydawniczym serii Working Papers jest dr Maciej Bukowski.

Ilość wyników 4

WP(36/2016)227. Gain and loss of money in a choice experiment. The impact of financial loss aversion and risk preferences on willingness to pay to avoid renewable energy extarnalities.

Autorzy: Bartczak Anna, Chilton Susan, Czajkowski Mikołaj, Meyerhoff Jürgen
We examine how the direction of price changes affects the value people place on avoiding renewable energy externalities in Poland. Additionally, we investigate the influence of individuals' financial loss aversion and financial risk preferences o…

WP227. Gain and loss of money in a choice experiment. The impact of financial loss aversion and risk preferences on willingness to pay to avoid renewable energy extarnalities.

We examine how the direction of price changes affects the value people place on avoiding renewable energy externalities in Poland. Additionally, we investigate the influence of individuals' financial loss aversion and financial risk preferences on this valuation. In our study we conduct a choice experiment survey in which respondents' choices indicate the value they place on avoiding wind, solar, and biomass externalities. We combine this survey with a financial lottery choice task that elicits the respondents' risk preferences and degree of loss aversion. In the choice experiment we use both increases and decreases in electricity bills to depict the uncertain effect of new sources of energy generation on the current price level. This design allows us to investigate if obtained values are independent of the payment mechanism. In the analyzed context, our results indicate that marginal utility of money seems to be lower with a rebate on the energy bill than with a surcharge. Moreover, financial risk preferences affect people's choices in a case of a surcharge, while loss aversion for money affects them in the case of a rebate. We find that the more loss averse people are with regard to money, the more they require compensation before they accept externalities from renewable electricity production. In contrast, the more risk seeking people are in a financial domain, the less cost sensitive they are and the more willing they are to pay for proposed changes in renewable electricity generation.


Bartczak Anna, Chilton Susan, Czajkowski Mikołaj, Meyerhoff Jürgen
choice experiment externalities of renewable energy loss aversion lottery experiment marginal utility of money risk preferences

WP(8/2014)125. Wildfires in Poland: the impact of risk preferences and loss aversion on environmental choices

Autorzy: Bartczak Anna, Chilton Susan, Meyerhoff Jürgen
 This paper examines how risk preferences and loss aversion affect choices over a risky environmental good, wildfire prevention in Poland. We collect data in a stated preference survey that allows us to calculate both risk aversion and loss aver…

WP125. Wildfires in Poland: the impact of risk preferences and loss aversion on environmental choices

 This paper examines how risk preferences and loss aversion affect choices over a risky environmental good, wildfire prevention in Poland. We collect data in a stated preference survey that allows us to calculate both risk aversion and loss aversion parameters from individual respondents in both the financial and environmental domains. In doing so, we are able to confirm that this behaviour is consistent with prospect theory and holds for the majority of respondents. Additionally, we find little evidence of domain specificity of risk: responses to the financial risk questions were good predictors of responses to the environmental risk questions.


Bartczak Anna, Chilton Susan, Meyerhoff Jürgen
risk preferences over financial and environmental domains forest fires loss aversion probability weighting prospect theory

WP(14/2012)80. Valuing the chances of survival of two distinct Eurasian lynx populations in Poland. Do people want to keep doors open?

Autorzy: Bartczak Anna, Meyerhoff Jürgen
This survey deals with valuing the social benefits of increasing chances of survival of the two main Eurasian lynx populations in Poland: the Lowland population and the Carpathian one. The populations are exposed to different risks of extinction. Usi…

WP80. Valuing the chances of survival of two distinct Eurasian lynx populations in Poland. Do people want to keep doors open?

This survey deals with valuing the social benefits of increasing chances of survival of the two main Eurasian lynx populations in Poland: the Lowland population and the Carpathian one. The populations are exposed to different risks of extinction. Using a discrete choice experiment we examined the influence of the initial degree of endangerment of those lynx populations on respondents' funds allocation. The results show that instead of investing in the option with the expected higher outcome a main driver of individuals' decisions regarding the conservation of threatened species seems to be loss aversion. Thus, people seem to try to keep options (doors) open by investing more in the more vulnerable population. Moreover, employing a scale-extended latent class model allowed to detect segments among individuals showing different types of response behavior and therefore improved the accuracy of the willingness to pay estimates considerably compared to a conditional logit model.


Bartczak Anna, Meyerhoff Jürgen
discrete choice models loss aversion Lynx conservation scale-extended latent class model threatened species

WP(13/2011)53. To answer or not to answer? A field test of loss aversion

Autorzy: Krawczyk Michał
This study is a field experiment on loss aversion. The framing of scoring rules was differentiated in two exams at the University of Warsaw, with only half the students facing explicit penalty points in the case of giving an incorrect answer. Loss av…

WP53. To answer or not to answer? A field test of loss aversion

This study is a field experiment on loss aversion. The framing of scoring rules was differentiated in two exams at the University of Warsaw, with only half the students facing explicit penalty points in the case of giving an incorrect answer. Loss aversion predicts that less risk will be taken (less questions will be answered) when losses are possible but in fact, no treatment effect was observed.


Krawczyk Michał
loss aversion framing field experiments gender differences
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