Similar Search Results

Dynamic decision structure and risk taking

Eichberger, Jürgen; Güth, Werner; Müller, Wieland - 1999

This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … behaviour ; decision-making experiments …

Persistent link: https://www.econbiz.de/10009582412

Compensating the cooperators : is sorting in the prisoner’s dilemma possible?

Bohnet, Iris; Kübler, Dorothea - 2000

Choice between different versions of a game may provide a means of sorting, allowing players with different preferences to self-select into groups of similar types. We experimentally investigate whether auctioning off the right to play a prisoner’s dilemma game in which the cost of unilateral...

Persistent link: https://www.econbiz.de/10009612572

Strategies, heuristics and the relevance of risk aversion in a dynamic decision problem

Müller, Wieland - 1999

economic theory suggests to solve the decision problem. But since real decision makers can hardly be expected to behave …In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain …

Persistent link: https://www.econbiz.de/10009581111