Showing 1 - 10 of 106
reduce the current and the future yield for both others and themselves. Accordingly, economic theory predicts that more …
Persistent link: https://www.econbiz.de/10005822252
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10010773919
prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors …
Persistent link: https://www.econbiz.de/10005762271
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the … the degree of risk taking depending on the incentives implied by the prize structure they face. I find that they are more …
Persistent link: https://www.econbiz.de/10005822382
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …
Persistent link: https://www.econbiz.de/10008565192
We run a novel experiment to explore the relationship between the perception of real-life risks and the demand for risk … life. For each risk, subjects can pay premiums in order to reduce the likelihood of total bankruptcy. Our results show a … complex interplay of mortality perception and demand for risk reduction. We observe that perceived annual mortality positively …
Persistent link: https://www.econbiz.de/10010959599
This paper discusses the choice of the number of participants for within-subjects (WS) designs and between-subjects (BS) designs based on simulations of statistical power allowing for different numbers of experimental periods. We illustrate the usefulness of the approach in the context of field...
Persistent link: https://www.econbiz.de/10010959685
: risk, competitiveness, and confidence. We find that there is considerable heterogeneity of preferences across individuals … at a point in time; risk and competitive preferences inter-temporally are consistent with state-dependent preferences …
Persistent link: https://www.econbiz.de/10010959729
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...
Persistent link: https://www.econbiz.de/10009386636
Assuming individuals rationally decide whether to participate or not to participate in lab experiments, we hypothesize several non-representative biases in the characteristics of lab participants. We test the hypotheses by first collecting survey and experimental data on a typical recruitment...
Persistent link: https://www.econbiz.de/10010666571