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Motivational goal bracketing
Koch, Alexander K.; Nafziger, Julia - 2009
It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because...
Persistent link: https://www.econbiz.de/10003902431
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Loss aversion and lying behavior : theory, estimation and empirical evidence
Garbarino, Ellen; Slonim, Robert; Villeval, Marie-Claire - 2016
We theoretically show that agents with loss-averse preferences facing a decision to receive a bad financial payoff if they report honestly or to receive a better financial payoff if they report dishonestly are more likely to lie to avoid receiving the low payoff the lower the ex-ante probability...
Persistent link: https://www.econbiz.de/10011594148
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Internal and external validity of experimental risk and time preferences
Belzil, Christian; Sidibé, Modibo - 2016
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …
Persistent link: https://www.econbiz.de/10011580855
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Information characteristics and errors in expectations : experimental evidence
Antoniou, Constantinos; Harrison, Glenn W.; Igel Lau, Morten - 2015
We design an experiment to test the hypothesis that, in violation of Bayes Rule, some people respond more forcefully to …
Persistent link: https://www.econbiz.de/10011347344
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Behavioral economic phenomena in decision-making for others
Ifcher, John; Zarghamee, Homa S. - 2018
). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks … aversion, decoy effect, anchoring bias, endowment effect, and identifiable-victim bias. In our experiment, DMfO is DMfO …
Persistent link: https://www.econbiz.de/10011949189
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Loss aversion in social image concerns
Petrishcheva, Vasilisa; Riener, Gerhard; … - 2020
in social image concerns and attitudes towards lying. We then test its predictions in a laboratory experiment. Subjects …
Persistent link: https://www.econbiz.de/10012316955
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Incentive effects on risk attitude in small probability prospects
Lefebvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … section for very small amounts. -- Risk attitude ; incentives ; decision ; experiment …
Persistent link: https://www.econbiz.de/10003910085
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Erik; Wolfers, Justin - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning – longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003958768
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Narrow bracketing and dominated choices
Rabin, Matthew (contributor); Weizsäcker, Georg (contributor) - 2007
An experiment by Tversky and Kahneman (1981) illustrates that people's tendency to evaluate risky decisions separately …. The theory is accompanied by both a real-stakes laboratory experiment and a large-sample survey from the general U ….S. population. Replicating Tversky and Kahneman's original experiment where decisionmakers with prototypical prospect …
Persistent link: https://www.econbiz.de/10003561617
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A parametric analysis of prospect theory's functionals for the general population
Booij, Adam S.; Praag, Bernard M. S. van; Kuilen, Gijs … - 2009
This paper presents the results of an experiment that completely measures the utility function and probability …
Persistent link: https://www.econbiz.de/10003831223