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Kirchkamp, Oliver; Mill, Wladislaw - 2019

In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for … overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and …. Indeed, we find that spite is a more convincing explanation for bidding behavior for the second-price all-pay auction. Not …

Persistent link: https://www.econbiz.de/10012002983

Measuring individual risk attitudes in the lab : task or ask? ; an empirical comparison

Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - 2014

This paper compares two prominent empirical measures of individual risk attitudes - the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) - with respect to (a) their within-subject stability over time...

Persistent link: https://www.econbiz.de/10010250131

Children do not behave like adults : gender gaps in performance and risk taking within a random social context in the high-stakes game shows Jeopardy and Junior Jeopardy

Säve-Söderbergh, Jenny; Sjögren Lindquist, Gabriella - 2014

Using unique panel data, we compare cognitive performance and wagering behavior of children (10-11 years) with adults playing in the Swedish version of the TV-shows Jeopardy and Junior Jeopardy. Although facing the same well-known high-stakes game, and controlling for performance differences,...

Persistent link: https://www.econbiz.de/10010234522

Student earnings expectations : heterogeneity or noise?

Diaz-Serrano, Luis; Hartog, Joop; Nilsson, William; … - 2016 - First draft 12-05-14; revised 26-01-15; this draft 19-09-2016

Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...

Persistent link: https://www.econbiz.de/10011544177

Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....

Persistent link: https://www.econbiz.de/10011822038

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …

Persistent link: https://www.econbiz.de/10012668312

A study of outcome reporting bias using gender differences in risk attitudes

Crosetto, Paolo; Filippin, Antonio; Heider, Janna - 2013

This paper exploits a large dataset of replications of the Holt and Laury (2002) risk elicitation task to study a possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the experimental literature according to which women are more prudent...

Persistent link: https://www.econbiz.de/10010204670

The individual and joint performance of economic preferences, personality, and self-control in predicting criminal behavior

Friehe, Tim; Schildberg-Hörisch, Hannah - 2014

We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...

Persistent link: https://www.econbiz.de/10010237753

Crime and self-control revisited : disentangling the effect of self-control on risk and social preferences

Friehe, Tim; Schildberg-Hörisch, Hannah - 2014

In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self-control is considered a fundamental cause of crime. Relating the arguments from both disciplines, this paper studies the relationship between self-control and both risk and...

Persistent link: https://www.econbiz.de/10010342486

Are economic preferences shaped by the family context? : the impact of birth order and siblings' sex composition on economic preferences

Detlefsen, Lena; Friedl, Andreas; Lima de Miranda, Katharina - 2018 - This version: 9 November 2018

. We study in an experiment with 525 teenagers how both birth order and siblings' sex composition affect risk, time and …

Persistent link: https://www.econbiz.de/10011933853