Showing 1 - 10 of 117
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
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
In a laboratory experiment, we measure subjects’ willingness to pay for a transparently useless decision right …
Persistent link: https://www.econbiz.de/10010764289
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
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
In repeated games, it is hard to distinguish true prosocial behavior from strategic instrumental behavior. In particular, a player does not know whether a reciprocal action is intrinsically or instrumentally motivated. In this paper, we experimentally investigate the relationship between...
Persistent link: https://www.econbiz.de/10011082823
policyholders’ welfare under the two regulations. Disclosure Duty forces individuals to reveal their test results to their insurers …, exposing them to the risk of having to pay a large premium in case they are discovered to have a high probability of developing … a disease (a discrimination risk). Differently, Consent Law allows them to hide this detrimental information, creating …
Persistent link: https://www.econbiz.de/10011082825
Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...
Persistent link: https://www.econbiz.de/10011210786
In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self … relationship between self-control and both risk and social preferences. To exogenously vary the level of self-control, we use a … well-established experimental manipulation. We find that low self-control causes less risk-averse behavior. The effect of …
Persistent link: https://www.econbiz.de/10010761529