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participants put their own money at risk in a real investment task. Moreover,emotions were explicitly measured, including … risk attitudes weremeasured through a web-based questionnaire before the experiment and participants' preferencesfor … resolution timing, risk, and time were incentive compatibly measured during the experiment.Main findings are that delayed …
Persistent link: https://www.econbiz.de/10011257035
Economic theory predicts that in a first-price auction with equal and observable valuations, bidders earn zero profits. Theory also predicts that if valuations are not common knowledge, then since it is weakly dominated to bid your valuation, bidders will bid less and earn positive profits....
Persistent link: https://www.econbiz.de/10005125581
experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares …
Persistent link: https://www.econbiz.de/10011256796
Risk exposure can be efficiently optimized in practical situations, using a new apporach to identification of investor …'s risk aversion. …
Persistent link: https://www.econbiz.de/10005134885
A new integral for capacities, different from the Choquet integral, is introduced and characterized. The main feature of the new integral is concavity, which might be interpreted as uncertainty aversion. The integral is then extended to fuzzy capacities, which assign subjective expected values...
Persistent link: https://www.econbiz.de/10005550967
optimal investment strategy of a rational risk- neutral agent as risk-seeking mistakes and risk-aversion mistakes. Nucleus … accumbens activation preceded risky choices as well as risk- seeking mistakes, while anterior insula activation preceded … riskless choices as well as risk-aversion mistakes. These findings suggest that distinct neural circuits linked to anticipatory …
Persistent link: https://www.econbiz.de/10005556666
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
investment problems have been formulated. …
Persistent link: https://www.econbiz.de/10005124993
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011255622
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors …’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors … performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution …
Persistent link: https://www.econbiz.de/10011257429