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When investment is repeated, previous outcomes (winning/losing) as well as the current budget level (gain/loss domain … experiments initially conducted to investigate myopic-loss-aversion. We observe that investment is related to the number of … analysis is extended to settings with restricted flexibility concerning investment. …
Persistent link: https://www.econbiz.de/10005039981
, individual differences, and emotions on behavioral responses to feedback frequency in an investment setting. Participants made … investment decisions in one of three feedback frequency conditions: (1) they received feedback after each round and had the … opportunity to make investment changes each time; (2) they received feedback after each round, but were only given the possibility …
Persistent link: https://www.econbiz.de/10005789943
risk aversion was implemented in a sample of former participants of the asset market experiment (32 persons). The presented …In this paper influence of behavioral factors (overconfidence and risk aversion) on financial decision making of … economic subjects is analyzed. For this purpose two kinds of experiments were conducted: asset market and risk aversion …
Persistent link: https://www.econbiz.de/10008694158
: a laboratory experiment, a field study, and a large US supermarket chain, to study the cognitive underpinning and the …
Persistent link: https://www.econbiz.de/10011111811
Economic experiments have shown that when given the choice between piece-rate and winner-take-all tournament style compensation, women are more reluctant than men to choose tournaments. These gender difference experiments have all relied on a similar framework where subjects were not informed of...
Persistent link: https://www.econbiz.de/10008592978
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
their work by first recommending an existing stochastic dominance test to handle the issue and thereafter developing a new … test for the ASD which could detect dominance for any pre-determined small value. We also provide two approaches to obtain … the critical values for our proposed test. …
Persistent link: https://www.econbiz.de/10011107819
The goal of this study is to ask whether investors learn differently from gains (positive news) versus losses (negative news), whether learning performance is better or worse when people are actively investing in a security or passively observing the security’s payoffs, and whether there are...
Persistent link: https://www.econbiz.de/10011260470
We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment … was followed by post hoc risk aversion measurement. Our results revealed that in the suggested setting, performance and …
Persistent link: https://www.econbiz.de/10011266111
prior to financial risk taking. Since anticipation of diverse rewards can increase NAcc activation, even incidental reward … cues may influence financial risk-taking. Using event-related FMRI, we predicted and found that anticipation of viewing … rewarding stimuli (erotic pictures for 15 heterosexual males) increased financial risk taking, and that this effect was …
Persistent link: https://www.econbiz.de/10005621657