illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to … investment. Also, offering adefault portfolio strongly determines final allocations. …

We study time preferences in a real-effort experiment with a one-month horizon. We report thattwo thirds of choices …

In this paper we relate individual risk attitude as elicited by binary lotteriesand certainty equivalents to market … equivalents are poorly correlated. Only lottery choices are relatedto market behavior: the higher the degree of risk aversion the … lower theobserved market activity. Females are more risk averse than males accordingto binary lotteries, submit fewer offers …

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 …

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute … their own for alternative investment choices.Overall, 149 subjects participated in two experiments, one with just one risky …

more in such stocks”. We conducted an experimentin Jena, Germany to test whether subjects show local bias and use … familiar but not local stocks. Our experiment showsno evidence that familiarity is a reason for local bias. …

How do people make investment decisions when they receive outcome feedback? We examinedhow well the standard mean … risk and covariance of the investments into account. The experimental results illustrate thatpeople reacted sensitively to … different correlation structures of the investment alternatives, whichwas best predicted by the extended reinforcement model …

model based on cognitive dissonance thatfocuses on the importance of self-image. An experiment (a dictator game variant …

The results of an asset market experiment, in which 64 subjects trade two assets oneight markets in a computerized …