Decisions are often postponed even when future profits are not expected to compensate for the losses. This is especially relevant for financial and entrepreneurial disinvestment choices, as investors often have a disposition to hold on to losing assets for too long. We use an experiment with...

Was passiert, wenn der ÖPNV durch neue Mobilitätsdienste wie Fahrzeugsharing oder Ridepooling erweitert wird? Im Fokus dieses Working Papers stehen aktuelle Treiber, aber auch zukünftige Wirkungszusammenhänge, Veränderungspotenziale und Gestaltungsoptionen sowie Folgen für Arbeit und...

This paper sketches a new version of the multiverse interpretation of quantum mechanics, the clustered-minds multiverse, that has been presented in detail elsewhere (Schade 2018, Springer, New York). It briefly shows why it grants us with free will and reflects upon the (im-)possibilty of...

Decisions are often postponed even when future profits are not expected to compensate for the losses. This is especially relevant for financial and entrepreneurial disinvestment choices, as investors often have a disposition to hold on to losing assets for too long. We use an experiment with...

This paper is the first to conduct an incentive-compatible experiment using real monetary payoffs to test the hypothesis of probabilistic insurance which states that willingness to pay for insurance decreases sharply in the presence of even small default probabilities as compared to a risk-free...

This paper empirically studies the impact of consumer reaction to default risk on an insurer's optimal solvency level. Using experimentally obtained data, we derive a price-default risk-demand-curve that serves as an input variable for the insurer's risk strategy. We show that an insurer should...