are linear. The results help to reconcile theory with various empirical findings on mergers. -- efficient hedging …

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 …

dividend earnings. However in line with prospect theory, it can be shown that a purchase of assets is perceived as a subjective … ; prospect theory …

employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …

observed in the experiment aim at fair surplus sharing. -- principal-agent theory ; contract theory ; fair sharing ; incentive …Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …

In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary …

bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …

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 …