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outcomes. Our evidence is based on an experiment in which subjects repeatedly invest in two identical, uncorrelated, risky …
Persistent link: https://www.econbiz.de/10011865329
within a particular range. We test the hypotheses in a lab experiment with a large number of subjects (N = 308), using a well …
Persistent link: https://www.econbiz.de/10011449223
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010235856
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
attributions of responsibility for neediness from other explanations. We implement our design in a lab experiment we conducted with …
Persistent link: https://www.econbiz.de/10011880541
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
It is still an open question when groups perform better than individuals in intellective tasks. We report that in an Acquiring a Company game, what prevailed when there was disagreement among group members was the median proposal and not the best proposal. This aggregation rule explains why...
Persistent link: https://www.econbiz.de/10011449224
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported …
Persistent link: https://www.econbiz.de/10011612902
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...
Persistent link: https://www.econbiz.de/10009575158
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …. -- competition ; experiment ; information ; overconfidence ; self-assessment ; self-selection ; tournament …
Persistent link: https://www.econbiz.de/10009534049