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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 Instituut - 2008
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors adapt to losses, their neutral reference point shifts...
Persistent link: https://www.econbiz.de/10011257429
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A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts
Gautier, Pieter A.; Vuuren, Aico van - Tinbergen Instituut - 2011
market. Even though we allow for ageneral-hyperbolic specification (which has exponential discounting as aspecial case), our …
Persistent link: https://www.econbiz.de/10011256853
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Self-Confidence and Strategic Deterrence
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - Tinbergen Instituut - 2011
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test experimentally for evidence of self-esteem concerns and instrumental strategic concerns. Errors in Bayesian updating are rare when the information does not involve own relative...
Persistent link: https://www.econbiz.de/10011255502
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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?
Muller, Julia; Schwieren, Christiane - Tinbergen Instituut - 2012
Growing interest in using personality variables in economic research leads to the question whether personality as measured by psychology is useful to predict economic behavior. Is it reasonable to expect values on personality scales to be predictive of behavior in economic games? It is undoubted...
Persistent link: https://www.econbiz.de/10011256055
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Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment
Linde, Jona; Sonnemans, Joep; Tuinstra, Jan - Tinbergen Instituut - 2013
This discussion paper resulted in a publication in <I>Games and Economic Behavior</I> (2014). Volume 86, pages 77-95.<P> Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory...</p></i>
Persistent link: https://www.econbiz.de/10011256405
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The Impact of Losing in a Competition on the Willingness to seek Further Challenges
Buser, Thomas - Tinbergen Instituut - 2014
How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...
Persistent link: https://www.econbiz.de/10011257541
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Sadder but wiser: The Effects of Affective States and Weather on Ambiguity Attitudes
Baillon, Aurélien; Koellinger, Philipp; Treffers, Theresa - Tinbergen Instituut - 2014
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...
Persistent link: https://www.econbiz.de/10011255915
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Fostering Cooperation through the Enhancement of Own Vulnerability
Kopanyi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - Tinbergen Instituut - 2012
We consider the possibility that cooperation in a prisoner's dilemma is fostered by people's voluntarily enhancement of their own vulnerability. The vulnerability of a player determines the effectiveness of possible punishment by the other. In the "Gradual" mechanism, players may condition their...
Persistent link: https://www.econbiz.de/10011255969
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Eliciting Discount Functions when Baseline Consumption changes over Time
Gerber, Anke; Rohde, Kirsten I.M. - Tinbergen Instituut - 2009
preference reversals are commonly interpreted as contradicting constant discounting. This interpretation is correct only if … baseline consumption to which the outcomes are added, remains constant over time. The difficulty with measuring discounting … discounted. In this paper we propose a way to disentangle the two effects, which allows us to draw conclusions about discounting …
Persistent link: https://www.econbiz.de/10011255711
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HIV/AIDS, Risk Aversion and Intertemporal Choice
Lammers, Judith; Wijnbergen, Sweder van - Tinbergen Instituut - 2007
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10011255821