Showing 1 - 10 of 68
In a cascade experiment subjects are confronted with artificial predecessors predicting in line with the BHW model …
Persistent link: https://www.econbiz.de/10005765096
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
We report on an experiment designed to explore the interrelation of other-regarding concerns with attitudes towards …
Persistent link: https://www.econbiz.de/10005765156
measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss …
Persistent link: https://www.econbiz.de/10005765184
The paper explores the applicability of bounded rationality theory. In particular, we investigate whether basic principles of aspiration formation and satisficing behavior are transferable between similar situations. Individuals are sequentially confronted with two risky investment tasks, a...
Persistent link: https://www.econbiz.de/10005765201
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
Experimental research on decision making under risk has until now always employed choice data in order to evaluate the empirical performance of expected utility and the alternative non-expected utility theories. The present paper performs a similar analysis which relies on pricing data instead...
Persistent link: https://www.econbiz.de/10005252188
This experimental study investigates whether individuals prefer bounded rationality over rational choice theory when facing simple investment tasks. First, participants state some personal parameters that serve as an input to render a theoretical approach, namely satisficing or optimality,...
Persistent link: https://www.econbiz.de/10005252199
proposer rotates in the order of members' efforts. We show in an experiment that tournaments elicit higher efforts than random …
Persistent link: https://www.econbiz.de/10005765090
In experimental bargaining with incomplete information, we vary the information distribution (symmetric and asymmetric), the direction of electronic pre-play communication (no, one-way, and two-way), and the electronic communication medium (email and video) Bargaining out-comes are influenced by...
Persistent link: https://www.econbiz.de/10005765095