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Bargaining under Large Risk - An Experimental Analysis -

Guth, Werner; Kroger, Sabine; Maug, Ernst - Centre Interuniversitaire sur le Risque, les Politiques … - 2006

approaches to understanding bargaining behavior under large risk. …

Persistent link: https://www.econbiz.de/10005795987

Myopic Loss Aversion, Information Dissemination, and the Equity Premium Puzzle

Bellemare, Charles; Krause, Michaela; Kröger, Sabine; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2004

We experimentally disentangle the effect of information dissemination from the effect of the time horizon on the investment behavior of a myopically loss averse investor. Our findings show that varying the information condition only suffices to induce behavior that is in line with the hypothesis...

Persistent link: https://www.econbiz.de/10005670288

Buy-it-Now Prices in eBay Auctions-The Field in the Lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - Centre Interuniversitaire sur le Risque, les Politiques … - 2009

This article is an experimental investigation on decision making in online auction markets. We focus on a widely used format, the Buy-It-Now auction on eBay, where sellers post prices at which buyers can purchase a good prior to an auction. Even though, buyer behavior is well studied in...

Persistent link: https://www.econbiz.de/10008472117

Can Safety Nets Offset the Impact of Risk on Wage Inequality and Social Welfare?

Makdissi, Paul; Wodon, Quentin - Département d'économique, Faculté d'administration - 2002

Income variablity reduces social welfare if individuals are risk averse, and it is likely to increase inequality if … poorer households are more vulnerable to shocks. Using a simple method to estimate risk-adjusted measures of inequality and … welfare and wage data from Mexico, this note shows that it is easier for safety nets to offset the impact of risk on wage …

Persistent link: https://www.econbiz.de/10005770810

Cognition in Seemingly Riskless Choices and Judgments.

Levy-Garboua, L.; Montmarquette, C. - Centre Interuniversitaire de Recherche en Économie … - 1996

possibilities are given in a stochastic sense and based on revisable expectations. The theory predicts experimental preference …

Persistent link: https://www.econbiz.de/10005729521

Investment Under Demand Uncertainty: The Newsboy Problem Revisited.

Dionne, G.; Mounsif, T. - Centre Interuniversitaire de Recherche en Économie … - 1996

In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business before knowing the demand for his product.

Persistent link: https://www.econbiz.de/10005729617

Arbitrage-Based Pricing when Volatility is Stochastic.

Bossaerts, P.; Ghysels, E.; Gourieroux, C. - Centre Interuniversitaire de Recherche en Économie … - 1996

The paper investigates the pricing of derivative securities with calendar-time maturities.

Persistent link: https://www.econbiz.de/10005133099

Poverty Measurement Under Risk Aversion Using Panel Data

MAKDISSI, Paul; WODON, Quentin; Cruces, Guillermo - Département d'économique, Faculté d'administration - 2003

This paper shows how to take into account risk aversion when measuring poverty under income variability. An application … households are sensitive to assumptions on the degree of risk aversion. The results point to the importance of panel data in … order to account for risk aversion and income variability in the measurement of poverty. …

Persistent link: https://www.econbiz.de/10005196856

Learning and Technology Progress in Dynamic Games

Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2012

We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in which agents not only extract a resource for consumption, but also invest in technology to improve the future stock. At the same time, the agents learn about the stochastic process...

Persistent link: https://www.econbiz.de/10010661508

Peer Pressure, Incentives, and Gender: an Experimental Analysis of Motivation in the Workplace

Bellemare, Charles; Lepage, Patrick; Shearer, Bruce - Centre Interuniversitaire sur le Risque, les Politiques … - 2009

We present results from a real-effort experiment, simulating actual work-place conditions, comparing the productivity of workers under fixed wages and piece rates. Workers, who were paid to enter data, were exposed to different degrees of peer pressure under both payment systems. The peer...

Persistent link: https://www.econbiz.de/10005015232