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-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to …
Persistent link: https://www.econbiz.de/10005144438
This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …
Persistent link: https://www.econbiz.de/10005144436
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10005137096
variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk … problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is …
Persistent link: https://www.econbiz.de/10005042230
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …
Persistent link: https://www.econbiz.de/10005209452
We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous … maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …
Persistent link: https://www.econbiz.de/10005144512
earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental …
Persistent link: https://www.econbiz.de/10009391881
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment … referent so strategic behavior or social preferences can play no role. We find that decision makers are more risk-averse in the …
Persistent link: https://www.econbiz.de/10008513239
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10005137046
-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …
Persistent link: https://www.econbiz.de/10005137100