Similar Search Results

Deal or no deal? : decision-making under risk in a large-payoff game show

Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006

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

A theory of procedurally rational choice : optimization without evaluation

Ficco, Stefano; Karamychev, Vladimir A.; Reeven, Peran … - 2005

This paper analyses the behavior of an individual who wants to maximize his utility function, but he is not able to evaluate it. There are many ways to choose a single alternative from a given set. We show that a unique utility maximizing procedure exists. Choices induced by this optimal...

Persistent link: https://www.econbiz.de/10011348351

Intertemporal choice and income regularity : non-fungibility in a lab-in-the-field experiment

Kramer, Berber; Kunst, David - 2018 - This version: January 31, 2018

This paper tests whether the choice of when to be paid depends on the income type. A lab-in-the-field experiment in …

Persistent link: https://www.econbiz.de/10011794404

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

Sadder but wiser : the effects of affective states and weather on ambiguity attitudes

Baillon, Aurélien; Koellinger, Philipp; Treffers, Theresa - 2014

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

Fostering cooperation through the enhancement of own vulnerability

Kopányi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - 2012

Persistent link: https://www.econbiz.de/10010190988

Loss modification incentives for insurers under expected utility and loss aversion

Soetevent, Adriaan R.; Zhou, Liting - 2014

Given the possibility to modify the probability of a loss, will a profit-maximizing insurer engage in loss prevention or is it in his interest to increase the loss probability? This paper investigates this question. First, we calculate the expected profit maximizing loss probability within an...

Persistent link: https://www.econbiz.de/10010395085

What Simon says

Heukelom, Floris - 2006

degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …

Persistent link: https://www.econbiz.de/10011350370

Train commuters' scheduling preferences : evidence from a large-scale peak avoidance experiment

Peer, Stefanie; Knockaert, Jasper; Verhoef, Erik T. - 2015

collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary … rewards for traveling outside peak hours. The experiment included ca. 1000 participants and lasted for about 6 months. Holders … of an annual train pass were invited to join the experiment, and a customized smartphone app was used to measure the …

Persistent link: https://www.econbiz.de/10011295719

Risk, uncertainty and entrepreneurship : evidence from a lab-in-the-field experiment

Koudstaal, Martin; Sloof, Randolph; Praag, Mirjam van - 2014

perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …

Persistent link: https://www.econbiz.de/10010415523

1
2
3
4
5
6
7
8
9
10
Next
Last