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The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...
Persistent link: https://www.econbiz.de/10008625739
We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth …
Persistent link: https://www.econbiz.de/10009385916
We conduct a laboratory experiment with a constant-sum sender-receiver game to investigate the impact of individuals …
Persistent link: https://www.econbiz.de/10010942533
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …
Persistent link: https://www.econbiz.de/10005432667
We examine gender differences in trust in another party?s cooperation (CC) or its ability (AC). While men and women do not differ concerning trust in cooperation, gender has a strong influence when trust in another subject?s ability is required.
Persistent link: https://www.econbiz.de/10005432670
data with representative behavioral data from a social dilemma experiment. We identify which survey questions intended to … elicit people’s trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly …
Persistent link: https://www.econbiz.de/10005627945