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Framing effects and impatience : evidence from a large scale experiment
Heijden, Eline C. van der; Klein, Tobias J.; Müller, … - 2012
. -- framing ; choice under risk ; time preference ; experiment …
Persistent link: https://www.econbiz.de/10009681527
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The impact of risk perception and risk attitudes on corrupt behavior : evidence from a petty corruption experiment
Djawadi, Behnud Mir; Fahr, René - 2013
abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … observed in the corruption experiment. We explain our findings by a systematic underestimation of the overall probability of …
Persistent link: https://www.econbiz.de/10009740342
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The likelihood of divorce and the riskiness of financial decisions
Stark, Oded; Szczygielski, Krzysztof - 2019
We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...
Persistent link: https://www.econbiz.de/10012059447
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Asset integration, risk taking and loss aversion in the laboratory
Morrison, William G.; Oxoby, Robert J. - 2019
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …
Persistent link: https://www.econbiz.de/10011997618
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Salience theory of choice under risk
Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - 2010
"We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities are replaced by decision weights distorted in favor...
Persistent link: https://www.econbiz.de/10008665197
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Decision-making under the gambler's fallacy : evidence from asylum judges, loan officers, and baseball umpires
Chen, Daniel L.; Moskowitz, Tobias J.; Shue, Kelly - 2016
Persistent link: https://www.econbiz.de/10011450431
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The radical innovation investment decision refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10009729702
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Gender and competition : evidence from jumping competitions
Böheim, René; Lackner, Mario - 2013
We analyze if female athletes differ from male athletes in their competitive behavior, using data from high jump and pole vault competitions. We estimate if female athletes use risky strategies as often as male athletes and whether or not their returns to risky strategies differ. Returns to...
Persistent link: https://www.econbiz.de/10009717718
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Does everyone use probabilities? : intuitive and rational decisions about stockholding
Binswanger, Johannes; Salm, Martin - 2013
We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...
Persistent link: https://www.econbiz.de/10009721396
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Risk and saving in two-person households : more scope for precautionary saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - 2012
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10009613678