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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

Spatial patterns in the formation of economic preferences

Chowdhury, Shyamal K.; Puente-Beccar, Manuela; … - 2025

We investigate how strongly the local environment beyond the family can contribute to understanding the formation of children's economic preferences. Building on precise geolocation data for around 6.000 children, we use fixed effects, spatial autoregressive models and Kriging to capture the...

Persistent link: https://www.econbiz.de/10015427316

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

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

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

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

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

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

Profit-share auctions in procurement

Bos, Olivier; Fugger, Nicolas; Onderstal, Sander - 2025

-share auction contracts influences supplier bidding behavior. Using theoretical analysis and experimental methods, we observe that …

Persistent link: https://www.econbiz.de/10015448731

Risk-taking on behalf of others

Eriksen, Kristoffer W.; Kvaløy, Ola; Luzuriaga, Miguel - 2017

We present an experimental study on how people take risk on behalf of others. We use three different elicitation methods, and study how each subject makes decisions both on behalf of own money and on behalf of another individual’s money. We find a weak tendency of lower risk-taking with...

Persistent link: https://www.econbiz.de/10011615822