Showing 1 - 10 of 92
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10005739678
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
’s interest in controlling who receives their private information. Participants of an experiment face the decision to share …
Persistent link: https://www.econbiz.de/10011210884
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
social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure …We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in … cooperation, and the association is weaker for more risk-averse individuals. Free riders differ from other contributor types only …
Persistent link: https://www.econbiz.de/10009493827
In this paper we show that the wildly popular Holt and Laury (2002) risk preference elicitation method confounds … estimates of the curvature of the utility function, the traditional notion of risk preference, with an estimate of the extent to … confound while preserving the simplicity of the method which has made it so popular. Data from a laboratory experiment shows …
Persistent link: https://www.econbiz.de/10011107621
Despite the fact that conceptual models of individual decision making under risk are deterministic, attempts to … econometrically estimate risk preferences require some assumption about the stochastic nature of choice. Unfortunately, the … inferences about structural risk preferences across the competing specifications. Overall, a mixture model combining the two …
Persistent link: https://www.econbiz.de/10011108341
one of the two states. We elicit subjects’ beliefs, risk and other-regarding preferences. Our design also allows us to … subject’s own behavior in the other role. The results of the experiment indicate that, when acting as senders, the majority of … receivers cannot be explained by risk preferences or as a best response to subject’s own behavior in the sender’s role. However …
Persistent link: https://www.econbiz.de/10011259082
We use an online real-effort experiment to investigate how bonus-based pay and worker productivity interact with …
Persistent link: https://www.econbiz.de/10011261181
that receive different wages. We present the first test of this component, which we call the fair uniform-wage hypothesis …. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10009654290