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risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk. …
Persistent link: https://www.econbiz.de/10010681226
We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 … employers. Employers can observe investment behavior, but not investors’ ability types. Thereby, reputational incentives may …
Persistent link: https://www.econbiz.de/10011122679
environments modify studentsf risk]taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth …
Persistent link: https://www.econbiz.de/10010877772
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...
Persistent link: https://www.econbiz.de/10010877971
In a laboratory experiment, we measure subjects’ willingness to pay for a transparently useless decision right …
Persistent link: https://www.econbiz.de/10010764289
predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels …
Persistent link: https://www.econbiz.de/10010639421
choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …
Persistent link: https://www.econbiz.de/10010877816
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10010877864
subjectively-colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we …
Persistent link: https://www.econbiz.de/10010877980
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic … others’ statements of confidence about how well they have scored on an IQ test. In two-player tournaments where the highest …
Persistent link: https://www.econbiz.de/10010877986