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Fundamental Value Trajectories and Trader Characteristics in an Asset Market Experiment

Noussair, Charles; Breaban, A. - Tilburg University, Center for Economic Research - 2014

Abstract: We report results from an asset market experiment, in which we investigate how the time path of the …

Persistent link: https://www.econbiz.de/10011091308

Investment Returns and Economic Fundamentals in International Art Markets

Renneboog, Luc; Spaenjers, C. - Tilburg University, Center for Economic Research - 2014

Abstract: Works of art are neither easily tradable across borders, nor evaluated according to globally identical standards. We examine geographical segmentation and its effects on price formation and returns in the international art auction market. We find (i) a close connection between the...

Persistent link: https://www.econbiz.de/10011092191

Cognitive Procedures and Hyperbolic Discounting

Nir, A. - Tilburg University, Center for Economic Research - 2004

"Hyperbolic discount functions are characterized by a relatively high discount rate over short horizons and a relatively low discount rate over long horizons" (Laibson 1997).We suggest two cognitive procedures where individuals perceive future utility as decreasing at a decreasing rate as a...

Persistent link: https://www.econbiz.de/10011090635

Two-Step Sequential Sampling

Moors, J.J.A.; Strijbosch, L.W.G. - Tilburg University, Center for Economic Research - 2000

Deciding upon the optimal sample size in advance is a difficult problem in general. Often, the investigator regrets not having drawn a larger sample; in many cases additional observations are done. This implies that the actual sample size is no longer deterministic; hence, even if all sample...

Persistent link: https://www.econbiz.de/10011091204

Unbiased Tail Estimation by an Extension of the Generalized Pareto Distribution

Beirlant, J.; Joossens, E.; Segers, J. - Tilburg University, Center for Economic Research - 2005

AMS classifications: 62G20; 62G32;

Persistent link: https://www.econbiz.de/10011092196

Relationships as Commitment Devices : Strategic Silence

Nir, A. - Tilburg University, Center for Economic Research - 2004

People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...

Persistent link: https://www.econbiz.de/10011092398

Selection and Mode Effects in Risk Preference Elicitation Experiments

van soest, arthur; von Gaudecker, H.M.; Wengstrom, E. - Tilburg University, Center for Economic Research - 2008

We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet … with laboratory data on student subjects for the same experiment in order to investigate effects of implementation mode and … of subject pool selection. We find that the frequency of errors in the lab experiment is drastically below that of the …

Persistent link: https://www.econbiz.de/10011090335

Heterogeneity in Risky Choice Behavior in a Broad Population

van soest, arthur; von Gaudecker, H.M.; Wengstrom, E. - Tilburg University, Center for Economic Research - 2009

We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch …

Persistent link: https://www.econbiz.de/10011090573

Estimating Risk Attitudes Using Lotteries; A Large Sample Approach

Melenberg, Bertrand; van soest, arthur; Donkers, A.C.D. - Tilburg University, Center for Economic Research - 1999

Attitudes towards risk play a major role in many economic decisions. In empirical studies one quite often assumes that attitudes towards risk do not vary across individuals. This papers questions this assumption and analyses which factors influence an individual's risk attitude. Based on...

Persistent link: https://www.econbiz.de/10011090578

Risk Aversion and Religion

Noussair, Charles; Trautmann, Stefan T.; Kuilen, Gijs van de - Tilburg University, Center for Economic Research - 2012

Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we...

Persistent link: https://www.econbiz.de/10011090796