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The thesis at hand shows how to determine individual risk aversion with different discrete choice models, with gambles and jointly with both methods. The methods developed aim at allocating the investor's free part of wealth.
Persistent link: https://www.econbiz.de/10005844428
axiomatic model of risk-averse preferences, where decision makers areassumed to possess an expected utility function and the …
Persistent link: https://www.econbiz.de/10005846397
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the … of risky decision making …
Persistent link: https://www.econbiz.de/10013135363
relationship between risk attitudes and the decision to trust an anonymous partner. Our experiments include two behavioral risk … the behavioral risk measures and the decision to trust. With additional control variables, there is a weak relationship … between risk measured from the survey and the decision to trust …
Persistent link: https://www.econbiz.de/10013125087
relatively little is known about the cognitive processes underlying the two decision modes. Therefore, we analyzed processes of … processes in the deliberate decision mode. We manipulated decision mode between-participants by means of instructions and … the deliberate decision mode …
Persistent link: https://www.econbiz.de/10013160408
Information integration in risky decision making was studied by using a functional measurement approach. Participants … give support to additive models in risky decision making. However, individual differences in risky decision making …
Persistent link: https://www.econbiz.de/10013158871
This paper considers the effects of changes in risk on optimal decisions under risk in an analytical framework assuming only utility-representable preferences that is capable of replicating and extending important results obtained in the EU framework and is yet far more descriptive and no less...
Persistent link: https://www.econbiz.de/10012910217
We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in endowed variance, although the effect is considerably...
Persistent link: https://www.econbiz.de/10012890580
Laboratory experiments conducted on college students suggest that emotions influence risk-taking during decisions-making. As the capacity to measure emotions in the field has been limited, however, it is unclear whether findings can be generalized to real world situations such as high-stakes...
Persistent link: https://www.econbiz.de/10012896634
Persistent link: https://www.econbiz.de/10012816705