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Individual and Couple Decision Behavior under Risk:The Power of Ultimate Control
de Palma, André; Picard, Nathalie; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and … decision process that takes place when couples make risky decisions. We find that in mostcouples men have more decision …-making power than women and that women’s decision-makingpower increases when they ultimately implement the joint decisions. …
Persistent link: https://www.econbiz.de/10005866693
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Understanding the Two Components of Risk Attitudes: AnExperimental Analysis
Qiu, Jianying; Steiger, Eva-Maria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the soleindex of risk attitude. (Cumulative) Prospect...
Persistent link: https://www.econbiz.de/10009022172
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The Role of Preferences in Disagreements over Scientific Hypothesis: An Empirical Inquiry into Environmental and Economic Decision Making
Kataria, Mitesh - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
The Porter hypothesis suggests that environmental regulations, such as restricting firms to reduce pollution, stimulates innovations and create a win-win situation for the environment and for firms. It has received a great deal of attention from academics as well as bureaucrats who disagree...
Persistent link: https://www.econbiz.de/10009248913
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Relating the two Dimensions of Risk Attitudes: AnExperimental Analysis
Qiu, Jianying; Steiger, Eva-Marie - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
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(Over-)Stylizing experimental findings and theorizing with sweeping generality
Güth, Werner; Kliemt, Hartmut; Levati, Vittoria M: - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
Human decision making is a process guided by different and partly competing mo-tivations that can each dominate …
Persistent link: https://www.econbiz.de/10005866432
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Experimental evidence of the importance of gender pairing in bargaining
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; van … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses …
Persistent link: https://www.econbiz.de/10005866879
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Fairness versus Efficiency - An Experimental Study of (Mutual) Gift Giving
Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants …
Persistent link: https://www.econbiz.de/10005867006
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Bargaining Outside the Lab –A Newspaper Experiment of a Three-Person Ultimatum Game
Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005
In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three … experiment. Furthermore, student behavior is not different from non-student behavior when the same age group is considered …
Persistent link: https://www.econbiz.de/10005867078
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A Test of the Rational Expectations Hypothesis using data froma Natural Experiment
Del Conte, Anna; Moffatt, Peter G.; Di Cagno, Daniela T.; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Data on contestants’ choices in Italian Game Show Affari Tuoi are analysed in a way that separatesthe effect of risk attitude (preferences) from that of beliefs concerning the amount ofmoney that will be offered to contestants in future rounds. The most important issue addressedin the paper is...
Persistent link: https://www.econbiz.de/10009022166
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Satisficing in strategic environments:a theoretical approach and experimental evidence
Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
The satisficing approach is generalized and applied to finite n-person games.Based on direct elicitation of aspirations, we formally define the conceptof satisficing, which does not exclude (prior-free) optimality but includesit as a border case. We also review some experiments on strategic...
Persistent link: https://www.econbiz.de/10005866442