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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 … measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss … (particularly women) are found to be risk averse for low probabilities. …

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

The excess burden of tax evasion – An experimental detection-concealment contest

Bayer, Ralph-C; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

with risk neutral taxpayers predicts. We find evidence that this is rather due to individual moral constraints than due to … risk aversion. …

Persistent link: https://www.econbiz.de/10005824115

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

risk and delay when the latter have a social dimension, i.e., pertain to one's own and another person's payoffs. For this … allocation of risk and delay, although they are other-regarding with respect to expected payoff levels. …

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

Task Transcending Satisficing - An Experimental Study

Güth, Werner; Fellner, Gerlinde; Martin, Ev - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

The paper explores the applicability of bounded rationality theory. In particular, we investigate whether basic …

Persistent link: https://www.econbiz.de/10005765201

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

An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data

Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the …

Persistent link: https://www.econbiz.de/10005252188

Satisficing or Optimizing? - An Experimental Study

Güth, Werner; Fellner, Gerlinde; Martin, Ev - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This experimental study investigates whether individuals prefer bounded rationality over rational choice theory when … approaches is measured by the adjustments of personal parameters until accepting the investment decision suggested by theory …

Persistent link: https://www.econbiz.de/10005252199

Putting Limits to Emotional Behavior - An Ultimatum Experiment Varying Threat Efficiency

Güth, Werner; Fellner, Gerlinde - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2002

Persistent link: https://www.econbiz.de/10005765167