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We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …
Persistent link: https://www.econbiz.de/10011379382
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10011348343
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...
Persistent link: https://www.econbiz.de/10010337020
Persistent link: https://www.econbiz.de/10003913152
ignored, we find completely differentestimates for ? . We conclude that in the case of lotteries with big prizes a …
Persistent link: https://www.econbiz.de/10011333268
In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We …, it raised the lowest revenue per household in the field. Our experiment reveals two potential explanations for this …
Persistent link: https://www.econbiz.de/10011386444
We conducted a field experiment to increase our understanding of lottery participation. Using representative data for …
Persistent link: https://www.econbiz.de/10011924802
field experiment examines the extent to which this is the case. At different points in time, the same participants allocated … experiment on stationarity, time invariance and time consistency finds using a different design among a different type of …
Persistent link: https://www.econbiz.de/10011307819
-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …
Persistent link: https://www.econbiz.de/10011374397
perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …
Persistent link: https://www.econbiz.de/10010415523