Narrow search
Showing 1 - 10 of 348
Cover Image
Worry and the illusion of safety : evidence from a real-objects experiment
Schade, Christian D.; Kunreuther, Howard - 2002
report on the results of a controlled experiment with real objects at stake. Worry was measured with the Worry Domains …
Persistent link: https://www.econbiz.de/10009621419
Cover Image
Simultaneous over- and underconfidence : evidence from experimental asset markets
Maciejovsky, Boris; Kirchler, Erich - 2001
In this paper individual overconfidence within the context of an experimental asset market is investigated. Overall, 72 participants traded one risky asset on six markets of 12 participants each. The results indicate that individuals were not generally overconfident. Moreover, overconfidence was...
Persistent link: https://www.econbiz.de/10009614297
Cover Image
Learning to like what you have : explaining the endowment effect
Huck, Steffen; Kirchsteiger, Georg; Oechssler, Joerg - 1997
The endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous experiments. We attempt to explain this effect by showing that evolution favors individuals whose...
Persistent link: https://www.econbiz.de/10009657123
Cover Image
A psychological approach to individual differences in intertemporal consumption patterns
Brandstätter, Hermann; Güth, Werner - 1998
When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...
Persistent link: https://www.econbiz.de/10009578010
Cover Image
Intuitive optimizing for time allocation decisions in newly formed ventures
Lévesque, Moren; Schade, Christian D. - 2002
experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …
Persistent link: https://www.econbiz.de/10009621420
Cover Image
E-privacy : evaluating a new search cost in online environments
Annacker, Dirk; Spiekermann, Sarah; Strobel, Martin - 2001
Electronic Commerce environments increasingly witness a conflict on the subject of e-privacy: While marketers want to maximize their customer knowledge and grasp the identity of their online users, consumers often want to stay anonymous and not reveal private information. The conflict suggests...
Persistent link: https://www.econbiz.de/10009615417
Cover Image
Should smart investors buy funds with high returns in the past?
Palomino, Frédéric; Uhlig, Harald - 2002
Newspapers and weekly magazines catering to the investing crowd often rank funds according to the returns generated in the past. Aside from satisfying sheer curiosity, these numbers are probably also the basis on which investors pick a fund to invest in. In this article, we fully characterize...
Persistent link: https://www.econbiz.de/10009621416
Cover Image
Hedging the standard of living via cost of living index futures
Schulz, Rainer - 2000
People dislike inflation because inflation erodes the real value of future nominal income and wealth. Adjustment of future nominal values via a cost of living index is an appropriate way to handle the problem of real income risk. Nonetheless an important aspect needs more discussion: If markets...
Persistent link: https://www.econbiz.de/10009612030
Cover Image
Financial price fluctuations in a stock market model with many interacting agents
Horst, Ulrich - 2001
We consider a financial market model with a large number of interacting agents. Investors are heterogeneous in their expectations about the future evolution of an asset price process. Their current expectation is based on the previous states of their "neighbors" and on a random signal about the...
Persistent link: https://www.econbiz.de/10009613599
Cover Image
Framing effects on asset markets : an experimental analysis
Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - 2001
In this paper we investigate four hypotheses which are inconsistent with expected utility theory, but may well be … explained by prospect theory. It deals with framing, the non-linearity of subjective probabilities, the disposition effect, and …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing …
Persistent link: https://www.econbiz.de/10009613618