We examine in an experiment the causes, consequences and possible cures ofmyopic loss aversion (MLA) for investment … behaviour under risk. We find thatboth, investment horizons and feedback frequency contribute almost equally tothe effects of … MLA. Longer investment horizons and less frequent feedbacklead to higher investments. However, when given the choice …

In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered …

?Although investment does not converge as predicted, portfolios of informedagents reect the probabilities of states, and even uninformed …

with a labor market background. We pursue the latter approachand test experimentally whether downsizing occurs whenever …

In this paper, we experimentally test the Modigliani-Miller theorem. Applying ageneral equilibrium approach and not …-Miller theorem, experimental subjects well recognizedthe increased systematic risk of the equity with increasing leverage and … accordinglydemanded higher rate of return. Yet, this adjustment was not perfect: subjects un-derestimated the systematic risk of low …

We experimentally test how acceptance thresholds react to the decisionof the proposer in a three party ultimatum game …

corresponding common value auction.Whereas symmetric risk neutral Nash equilibria are rather similar for both games,behavior differs …