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In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered …
Persistent link: https://www.econbiz.de/10005866533
This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and … risky decisions made separately by each spouse. We estimateboth the spouses and the couples’ degrees of risk aversion and we … assess how the risk preferencesof the two spouses aggregate when they make risky decisions. This enables us to investigatethe …
Persistent link: https://www.econbiz.de/10005866693
Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU … soleindex of risk attitude. (Cumulative) Prospect theory (CPT) has demonstrated vari-ous empirical deficiencies of EU and … introduced the weighting of probabilities as anadditional component to capture risk attitude. However, if utility curvature and …
Persistent link: https://www.econbiz.de/10009022172
In the framework of expected utility theory, risk attitudes are entirely capturedby the curvature of the utility … thismodication, one question arises naturally: since both utility and probability weight-ing determine the attitude towards risk …, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
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
individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants …
Persistent link: https://www.econbiz.de/10005867006
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
differences. In this paper we test this hypothesis by making maleand female participants to face two different but related … papers: women aresensitive to the design and context of the experiment in ways that menare not. In addition, we go further …
Persistent link: https://www.econbiz.de/10005866566
We perform an experimenta linvestigation using a dictator game inwhich individuals must make a moral decision —to give or not to give anamount of money to poor people in the Third World. A questionnaire inwhich the subjects are asked about the reasons for their decision showsthat, at least in...
Persistent link: https://www.econbiz.de/10005866577
I conduct an experiment to assess whether majority voting on a nonbindingsharing norm affects subsequent behavior in a …
Persistent link: https://www.econbiz.de/10005866591