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Framing Effects, Selective Information andMarket Behavior An Experimental Analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

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

Specious Confidence after Tax Audits: A Contribution to theDynamics of Compliance

Kirchler, Erich; Maciejovsky, Boris; Schwarzenberger, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

a tax experiment. Compliance varied significantlyover time: it decreased immediately after an audit and increased …

Persistent link: https://www.econbiz.de/10005866915

Response Time under Monetary Incentives:the Ultimatum Game

Brañas-Garza, Pablo; León-Mejía, Ana; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This paper studies the response times of experimental subjects playingthe Ultimatum game in a laboratory setting using monetary incentives.We find that proposals are not significantly correlated with responsetime, whereas responders’ behavior is positively and significantlycorrelated. Hence,...

Persistent link: https://www.econbiz.de/10005866540

Moral Distance and Moral Motivations in Dictator Games

Aguiar, Fernando; Brañas-Garza, Pablo; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

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

Personal Identity in the Dictator Game

Aguiar, Fernando; Brañas-Garza, Pablo; Paz Espinosa, Maria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

function is studied experimentally.The experiment allow us to study the main parametersof the model, suggesting that we should …

Persistent link: https://www.econbiz.de/10005866610

Are we nice(r) to nice(r) people? An Experimental Analysis

Albert, Max; Güth, Werner; Kirchler, Erich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We experimentally investigate whether individuals can reliably detect cooperators in an anonymous decision environment by allowing participants to condition their choices in an asymmetric prisoner's dilemma and a trust game (i) on their partner's donation share to a self-selected charity, and...

Persistent link: https://www.econbiz.de/10005867074

Hindsight Bias and Individual RiskAttitude within the Context ofExperimental Asset Markets

El-Sehity, Tarek; Haumer, Hans; Helmenstein, Christian; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

the different experimental risk elicitationmethods of certainty equivalents and binary lottery choices, and (iii) their … general phenomenon. Furthermore,our findings challenge the presumption of time-stable risk preferences and of … proceduralinvariance with respect to different experimental risk elicitation methods. …

Persistent link: https://www.econbiz.de/10005867042

International portfolio choice, liquidity constraints and the home equity bias puzzle

Michaelides, Alexander - London School of Economics (LSE) - 2003

undiversifiable labor income risk. Optimal portfolios are internationally diversified while positive correlation between domestic … with a small amount of buffer stock saving, while exchange rate risk makes foreign investments less appealing to risk …

Persistent link: https://www.econbiz.de/10010928614

Portfolio choice with internal habit formation : a life-cycle model with uninsurable labor income risk

Gomes, Francisco J.; Michaelides, Alexander - London School of Economics (LSE) - 2003

labor income risk and stock-market participation costs. In contrast to the initial motivation, we find that the model is not …

Persistent link: https://www.econbiz.de/10010928771

Asset pricing with limited risk sharing and heterogeneous agents

Gomes, Francisco; Michaelides, Alexander - London School of Economics (LSE) - 2005

simultaneously matching stock market participation and individual asset holdings. The high risk premium is driven by incomplete risk … negligible impact on the risk premium, contrary to the results of models where it is imposed exogenously. …

Persistent link: https://www.econbiz.de/10010744865