Showing 1 - 10 of 351
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10005090568
We conduct a modified dictator game in order to analyze the role self-image concerns play in other-regarding behavior. While we generally follow Konow (2000), a cognitive dissonance-based model of other-regarding behavior in dictator games, we relax one of its assumptions as we allow for...
Persistent link: https://www.econbiz.de/10011115280
In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered … with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We …
Persistent link: https://www.econbiz.de/10005090514
Two pairs of two participants each interact repeatedly in two structurally independent but informationally linked Prisoner's Dilemma games. Neither pair receives feedback about past choices by their own partner but is fully informed about the choices by the other pair. Considering this as a...
Persistent link: https://www.econbiz.de/10010884463
In the two-person sequential best shot game, first player 1 contributes to a public good and then player 2 is informed about this choice before contributing. The payoff from the public good is the same for both players and depends only on the maximal contribution. Efficient voluntary cooperation...
Persistent link: https://www.econbiz.de/10010884471
The provision of public goods regularly embodies interrelated spheres of influence on multiple scales. This article examines the nature of human behavior in a multilevel social dilemma game with positive provision externalities to local and global scales. We report experimental results showing...
Persistent link: https://www.econbiz.de/10010884475
benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination …
Persistent link: https://www.econbiz.de/10004964125
also add to the field of experimental economics by advancing research on social preferences under risk and with negative …
Persistent link: https://www.econbiz.de/10004964129
making in teams. I find in an investment experiment that individual decisions with salient group membership are largely the …
Persistent link: https://www.econbiz.de/10005032010
In economic theory, utility depends on past, present and future outcomes. The experiment described in this paper …
Persistent link: https://www.econbiz.de/10005032029