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Reflection for higher order risk preferences

Bleichrodt, Han; Bruggen, Paul van - 2018

Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a reflection effect not only for second order risk...

Persistent link: https://www.econbiz.de/10011924804

Peer effects and risk sharing in experimental asset markets

Gortner, Paul; Weele, Joël J. van der - 2019

We investigate the effect of introducing information about peer portfolios in an experimental Arrow-Debreu economy. Confirming the prediction of a general equilibrium model with inequality averse preferences, we find that peer information leads to reduced variation in payoffs within peer groups....

Persistent link: https://www.econbiz.de/10012023982

Experience does not eliminate bubbles : experimental evidence

Kopányi-Peuker, Anita; Weber, Matthias - 2018

. One is a call market experiment in which participants trade assets with each other. The other is a learning …-to-forecast experiment in which participants only forecast future prices, while the trade, which is based on these forecasts, is computerized …. Each experiment comprises three treatments that vary the amount of information about the fundamental value that …

Persistent link: https://www.econbiz.de/10011932581

The endowment effect in games

Drouvelis, Michalis; Sonnemans, Joep - 2015

experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …

Persistent link: https://www.econbiz.de/10011339153

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2021

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...

Persistent link: https://www.econbiz.de/10012510856

An dynamic model of investor decision-making

Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008

Persistent link: https://www.econbiz.de/10003813717

A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions

Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008

We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors …

Persistent link: https://www.econbiz.de/10011377365

Who are the behavioral economists and what do they say?

Heukelom, Floris - 2007

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...

Persistent link: https://www.econbiz.de/10011372527

How universal is behavior?

Brandts, Jordi; Saijō, Tatsuyoshi; Schram, Arthur - 2002

This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...

Persistent link: https://www.econbiz.de/10011327522

Handedness predicts social preferences : evidence connecting the lab to the field

Buser, Thomas - 2010

It is now generally accepted that some people are more altruistic, more trusting, or more reciprocal than others, but it is still unclear whether these differences are innate or a consequence of nurture. We analyse the correlation between handedness and social preferences in the lab and find...

Persistent link: https://www.econbiz.de/10011382490