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Group Polarization in the Team Dictator Game reconsidered
Luhan, Wolfgang J.; Kocher, Martin G.; Sutter, Matthias - Tinbergen Institute - 2006
While most papers on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10005137046
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Errors in Judicial Decisions
Sonnemans, Joep; Dijk, Frans van - Tinbergen Institute - 2008
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the …
Persistent link: https://www.econbiz.de/10005209452
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Performance Measurement, Expectancy and Agency Theory: An Experimental Study
Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2007
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...
Persistent link: https://www.econbiz.de/10005209530
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Investment, Resolution of Risk, and the Role of Affect
Winden, Frans van; Krawczyk, Michal; Hopfensitz, Astrid - Tinbergen Institute - 2008
This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only inferred from decisions regarding hypothetical...
Persistent link: https://www.econbiz.de/10005144438
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Social Preferences in Private Decisions
Linde, Jona; Sonnemans, Joep - Tinbergen Institute - 2012
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that...
Persistent link: https://www.econbiz.de/10009391881
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Separating Real Incentives and Accountability
Vieider, Ferdinand M. - Tinbergen Institute - 2008
In experimental investigations of the effect of real incentives, accountability—the implicit or explicit expectation of a decision maker that she may have to justify her decisions in front of somebody else—is often confounded with the incentives themselves. This confounding of accountability...
Persistent link: https://www.econbiz.de/10005137170
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Dynamic Choice, Independence and Emotions
Hopfensitz, Astrid; Winden, Frans van - Tinbergen Institute - 2006
From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is chosen. In this experimental study, participants have to...
Persistent link: https://www.econbiz.de/10005042230
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A Dynamic Model of Investor Decision-Making: How Adaptation to Losses affects Future Selling Decisions
Lee, Carmen; Kraeussl, Roman; Lucas, André; Paas, … - Tinbergen Institute - 2008
According to disposition effect theory, people hold losing investments too long. However, many investors eventually sell at a loss, and little is known about which psychological factors contribute to these capitulation decisions. This study integrates prospect theory, utility maximization...
Persistent link: https://www.econbiz.de/10005504910
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Investment, Expectations and Uncertainty: Empirical Evidence on the Relevance of Firm Size
Koetse, Mark J.; Vlist, Arno J. van der; Groot, Henri … - Tinbergen Institute - 2003
This paper analyses the effect of uncertainty on investment spending. We analyse two types of investment, i ….e. aggregate investment and investment in energy saving technologies, using subjective evaluations of expectations and uncertainty … of general investment spending. Furthermore, expectations and uncertainty have important although different effects on …
Persistent link: https://www.econbiz.de/10005450775
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The Interaction between Explicit and Relational Incentives: An Experiment
Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2009
We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After having gained experience with two payoff variations of the trust game, subjects in the final part explicitly choose which of these two variants to play. Theory predicts that...
Persistent link: https://www.econbiz.de/10005016258