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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
Prowse experiment are compared, where the latter treatment involves a competition against Nature and removes the scope for …
Persistent link: https://www.econbiz.de/10011660754
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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 equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
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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 procedure reproduces the "hard-easy effect" (overconfidence...
Persistent link: https://www.econbiz.de/10010344292
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An inquiry into the nature and causes of the description - experience gap
Cubitt, Robin P.; Kopsacheilis, Orestis; Starmer, Chris - 2020
nature and implications for economic theory remain unclear, for reasons we explain. We present a new experiment which …
Persistent link: https://www.econbiz.de/10012416921
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An inquiry into the nature and causes of the description - experience gap
Cubitt, Robin P.; Kopsacheilis, Orestis; Starmer, Chris - 2020
, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …
Persistent link: https://www.econbiz.de/10012242996
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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 bet based on performance. The former procedure...
Persistent link: https://www.econbiz.de/10010439679
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Small-scale changes in wealth and attitudes towards risk
Sousa, Sergio - 2010
This paper reports on an experiment designed to examine the effects of small-scale changes in wealth on risk attitudes … given to subjects in our experiment is administered in between risky tasks and framed as a reward rather than a windfall …
Persistent link: https://www.econbiz.de/10003990217
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Consumption experience, choice experience and the endowment effect
Humphrey, Steven J.; Lindsay, Luke; Starmer, Chris - 2012
This paper reports an experiment investigating how different kinds of experience influence the endowment effect …
Persistent link: https://www.econbiz.de/10009678836
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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 …
Persistent link: https://www.econbiz.de/10010515798
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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