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participants put their own money at risk in a real investment task. Moreover,emotions were explicitly measured, including … risk attitudes weremeasured through a web-based questionnaire before the experiment and participants' preferencesfor … resolution timing, risk, and time were incentive compatibly measured during the experiment.Main findings are that delayed …
Persistent link: https://www.econbiz.de/10011257035
experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares …
Persistent link: https://www.econbiz.de/10011256796
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011255622
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors …’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors … performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution …
Persistent link: https://www.econbiz.de/10011257429
variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk … problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is …
Persistent link: https://www.econbiz.de/10011257656
We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous … maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …
Persistent link: https://www.econbiz.de/10011255473
-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …-69, as: 'Emotional Hazard in a Power-to-Take Experiment'. …
Persistent link: https://www.econbiz.de/10011255559
riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …
Persistent link: https://www.econbiz.de/10011255595
/">'Journal of Risk and Uncertainty'</A>, 44(1), 45-72.<P>This study attempts to combine two traditional fields in microeconomics …: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on … risky choices is explored in an experiment in which participants make a series of choices between lotteries with only …
Persistent link: https://www.econbiz.de/10011255676
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …
Persistent link: https://www.econbiz.de/10011255690