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
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
We define and experimentally test a public provision mechanism that meets three basic ethical requirements and allows …
Persistent link: https://www.econbiz.de/10010540349
This study investigates experimentally whether people in retrospective are self-aware that they engage in status-seeking behavior. Subjects participated in a real-effort task where effort translated into a donation to a charity. Within-subjects we varied the visibility of their performance...
Persistent link: https://www.econbiz.de/10010555243
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …, and information on behavioral choices and determined the equilibria. We observed that the participants' risk attitudes …
Persistent link: https://www.econbiz.de/10010555244
Unlike previous attempts to implement cooperation in a prisoners' dilemma game with an infinite horizon in the laboratory, we focus on extended prisoners' dilemma games in which a second (pure strategy) equilibrium allows for voluntary cooperation in all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10005051034
Using a symmetric 2-person prisoners' dilemma as the base game, each player receives a signal for the number of rounds to be played with the same partner. The actual number of rounds (the length of the supergame) is determined by the maximal signal where each player expects the other's signal to...
Persistent link: https://www.econbiz.de/10005051042