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We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The … of emotions, using the emotion data from the experiment and recent psychological findings. We also find that people …
Persistent link: https://www.econbiz.de/10005791308
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005123778
take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting … risk involved, and that (among all the measures considered) only emotions can explain our results, albeit in ways that are …
Persistent link: https://www.econbiz.de/10005124205
anticipated and experienced emotions in the choice problem. Main findings are a violation of the isolation effect, and support for … experienced emotions influence decision making. …
Persistent link: https://www.econbiz.de/10005136625
bidders anticipate positive or negative emotions caused by the mere fact of winning or losing. Even if the "emotional" (dis …
Persistent link: https://www.econbiz.de/10005498113
emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is …
Persistent link: https://www.econbiz.de/10011083543
Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment we investigate whether a 24-hour cooling-off period leads to fewer rejections in ultimatum bargaining. We conduct a standard cash treatment and a lottery treatment, where subjects...
Persistent link: https://www.econbiz.de/10005661953