United We Stand: Exploring the Notion of Cooperation Support System for Business Model Design

Risk preference and child labor: Econometric evidence

“…The specific instrument relates to the extent to which a person is willing to reveal his or her date of birth. While potentially surprising as an instrument (as many instruments are), such a choice follows Bonazzi and Grèzes (2018), who referred to a person who has a high level of concern about privacy and personal information disclosure as risk‐averse. Similarly, Frik and Gaudeul (2018) found a correlation between disclosure of private information and financial risk‐aversion.…”

“…We try to account for further endogeneity issues through instrumental variables. As an instrument, we use the household head's concern for privacy (as argued by Bonazzi & Grèzes, 2018). 1 Overall, our results are statistically robust.…”