Showing 1 - 10 of 301
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008527318
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010884182
Evidence of Illusion of Control – the fact that people believe to have control over pure chance events – is a recurrent finding in experimental psychology. Results in economics find instead little to no support. In this paper we test whether this dissonant result across disciplines is due to...
Persistent link: https://www.econbiz.de/10011274366
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10011274368
decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition …
Persistent link: https://www.econbiz.de/10011279246
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …
Persistent link: https://www.econbiz.de/10005703774
valuation tasks. Also, adding context to the decision problem does not change this outcome. No ratio bias could be found in …
Persistent link: https://www.econbiz.de/10008527297
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search …
Persistent link: https://www.econbiz.de/10010739422
In a laboratory experiment, we show that subjects incorporate irrelevant group information into their evaluations of … equally well as individuals from better performing groups. Our experiment leaves room neither for statistical nor taste …
Persistent link: https://www.econbiz.de/10009395436
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10005761867