Showing 1 - 10 of 364
We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...
Persistent link: https://www.econbiz.de/10012648374
Persistent link: https://www.econbiz.de/10014302348
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics” (Kahneman, 2011, p. 300). It has powerful...
Persistent link: https://www.econbiz.de/10014487321
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
Persistent link: https://www.econbiz.de/10012285502
have a salient market price or no market price outside of the experiment. …
Persistent link: https://www.econbiz.de/10010407309
In an artefactual field experiment, we implemented a crowdfunding campaign for an institute's summer party and compared … contribution framing responded more strongly to reward thresholds and suggestions. An additional survey experiment on MTurk …
Persistent link: https://www.econbiz.de/10012799237
the first year of our field experiment, we vary whether or not potential donors are informed that the ask will be repeated … experiment we show that previous non-donors behave as if expecting future calls, regardless of whether they have been explicitly …
Persistent link: https://www.econbiz.de/10011655806
that are extracted from a classroom experiment. We find that more-loss-averse students leave more questions unanswered and … evidence that loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a … over time, as the experiment was conducted three months prior to the exam. We also find important differences across …
Persistent link: https://www.econbiz.de/10012064831
Extensive evidence suggests that participants in the direct student-proposing deferred-acceptance mechanism (DSPDA) play dominated strategies. In particular, students with low priority tend to misrepresent their preferences for popular schools. To explain the observed data, we introduce...
Persistent link: https://www.econbiz.de/10012138798
In an artefactual field experiment we implement a crowdfunding campaign for a club good-an institute's summer party … survey experiment on M-Turk indicates that the term "donation" triggers more positive emotional responses, and that emotions …
Persistent link: https://www.econbiz.de/10012212138