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Are preferences complete? An experimental measurement of indecisiveness under risk

Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

We propose an experimental design allowing a behavioral test of the axiom of completeness of individual preferences. The central feature of our design consists in enabling subjects to postpone commitment at a small cost. Our main result is that preferences are significantly incomplete. We use...

Persistent link: https://www.econbiz.de/10005588023

Experimental evidence of the importance of gender pairing in bargaining

Sutter, Matthias; Bosman, Ronald; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

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 behavior. In particular, we observe much more competition and …

Persistent link: https://www.econbiz.de/10005588014

Trust in cooperation or ability? – An experimental study on gender differences

Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

/average/below average performance. We examine the influences of gender on economic decisions. We find that gender has a strong effect in the …

Persistent link: https://www.econbiz.de/10005588002

Explaining female and male entrepreneurship at the country level

Verheul, Ingrid; Stel, Andre van; Thurik, Roy - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

This study aims at explaining female and male entrepreneurship across countries. Explanatory variables are derived from three streams of literature, including the literature on the determinants of entrepreneurship, the literature on female labor force participation, and that on female...

Persistent link: https://www.econbiz.de/10005765238

Explaining female and male entrepreneurship at the country level

Verheul, Ingrid; Stel, Andre van; Thurik, Roy - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

differential relative impact on female and male entrepreneurship, i.e., whether they influence the diversity or gender composition … of female entrepreneurs or the gender composition of entrepreneurship) to be able to select appropriate policy measures. …

Persistent link: https://www.econbiz.de/10005765252

Is Satisficing Absorbable? - An Experimental Study

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

We experimentally investigate whether the satisficing approach is absorbable, i.e., whether it still applies after participants become aware of it. In a setting where an investor decides between a riskless bond and either one or two risky assets, we familiarize participants with the satisficing...

Persistent link: https://www.econbiz.de/10005824112

Do Individuals Recognize Cascade Behavior of Others? --An Experimental Study--

Stiehler, Andreas - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

In a cascade experiment subjects are confronted with artificial predecessors predicting in line with the BHW model (Bikhchandani, Hirshleifer and Welch, 1992). Using the BDM mechanism we study subjects' probability assignments based on price limits for participating in the prediction game. We...

Persistent link: https://www.econbiz.de/10005765096

Overconfidence in Investment Decisions: An Experimental Approach

Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

We experimentally test overconfidence in investment decisions by offering partic- ipants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky as- set, the other with two risky assets....

Persistent link: https://www.econbiz.de/10005765098

On the social dimension of time and risk preferences: An experimental study

Levati, M. Vittoria; Güth, Werner; Ploner, Matteo - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

We report on an experiment designed to explore the interrelation of other-regarding concerns with attitudes towards risk and delay when the latter have a social dimension, i.e., pertain to one's own and another person's payoffs. For this sake, we compare evaluations of several prospects, each of...

Persistent link: https://www.econbiz.de/10005765156

Valuing Protection against Low Probability, High Loss Risks: Experimental Evidence

Morone, Andrea; Ozdemir, Ozlem - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

The study investigates protective responses in low probability and high loss risk situations. Particularly, it (1) detects individual protection valuations to variations in probability versus to variations in loss for payment decisions and choice decisions, (2) elicits the threshold probability...

Persistent link: https://www.econbiz.de/10005765184