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Butler, Jeffrey V. - 2012

When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...

Persistent link: https://www.econbiz.de/10012460152

How do risk attitudes affect measured confidence?

Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015

We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty … risk attitudes. Finally, we find that self-reported confidence correlates significantly with features of individual risk …

Persistent link: https://www.econbiz.de/10011434351

How do risk attitudes affect measured confidence?

Murad, Zahra; Sefton, Martin; Starmer, Chris - 2014

We examine confidence in own absolute performance using two elicitation procedures: selfreported (non …-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former … incentivised procedure leads to significant underconfidence, and does not lead to better calibration between confidence and …

Persistent link: https://www.econbiz.de/10010344292

How do risk attitudes affect measured confidence?

Murad, Zahra; Sefton, Martin; Starmer, Chris - 2014 - This version: November 2014

We examine the relationship between confidence in own absolute performance and risk attitudes using two elicitation … procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a …. Finally, we find that self-reported confidence correlates significantly with features of individual risk attitudes including …

Persistent link: https://www.econbiz.de/10010439679

Trust, trustworthiness and the consensus effect : an evolutionary approach

Adriani, Fabrizio; Sonderegger, Silvia - 2013

People often form expectations about others using the lens of their own attitudes (the so-called consensus effect). We study the implications of this for trust and trustworthiness. Trustworthy individuals are more \optimistic" than opportunists and are accordingly less afraid to engage in...

Persistent link: https://www.econbiz.de/10010194809

Impacts of urbanisation on trust : evidence from an experiment in the field

Xu, Elvis Cheng - 2019

We conduct a field trust game under a natural experiment context to test the impacts of urbanisation on trust. We conjecture that urbanisation, defined in this context as the process of state-led rural-urban migration, contributes to a transformation of trust levels among co-villagers and...

Persistent link: https://www.econbiz.de/10012131644

Culture and cooperation

Gächter, Simon; Herrmann, Benedikt; Thöni, Christian - 2010

Persistent link: https://www.econbiz.de/10003990215

Risk taking and information aggregation in groups

Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2015

We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately observed signals and signals reported from others. We find...

Persistent link: https://www.econbiz.de/10010515798

Risk taking in social settings : group and peer effects

Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2013

We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our...

Persistent link: https://www.econbiz.de/10009689911

Risk-taking in social settings : group and peer effects

Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2013 - Revised version of 2013-01, This version: June 6, 2013

We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our benchmark...

Persistent link: https://www.econbiz.de/10009757008