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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 …
Persistent link: https://www.econbiz.de/10005866463
The results of an asset market experiment, in which 64 subjects trade two assets oneight markets in a computerized …
Persistent link: https://www.econbiz.de/10005866816
with risk neutral tax payers predicts. We find evidence that this is rather due to individual moral constraints than due to … risk aversion. …
Persistent link: https://www.econbiz.de/10005866877
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically affects...
Persistent link: https://www.econbiz.de/10005866879
a tax experiment. Compliance varied significantlyover time: it decreased immediately after an audit and increased …
Persistent link: https://www.econbiz.de/10005866915
In an overlapping generations-experiment with multiple families participants caneither support their parents directly …
Persistent link: https://www.econbiz.de/10005867009
making in teams. I find in an investment experiment that individual decisions withsalient group membership are largely the …
Persistent link: https://www.econbiz.de/10005866444
Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We report the results from anexperimental...
Persistent link: https://www.econbiz.de/10005866770
We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament. Team memberscompete in their efforts for the right to propose the distribution of a prizewithin the team. The implementation of a proposal requires the approvalof other team...
Persistent link: https://www.econbiz.de/10005866847
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005866848