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Investment, resolution of risk, and the role of affect

van Winden, Frans; Krawczyk, Michal; Hopfensitz, Astrid - In: Journal of Economic Psychology 32 (2011) 6, pp. 918-939

This experimental study is concerned with the impact of the timing of the resolution of risk on investment behavior … risk resolution (2days) on investment choices. Besides the resolution timing all other factors, including the timing of …. Participants put their own money at stake. Our main finding is that the timing of the resolution of risk matters for investment …

Persistent link: https://www.econbiz.de/10010870868

The discount is unfair: Egocentric fairness in risky discounts

Choi, Sungchul; Park, Sang-June; Qiu, Chun; Stanyer, Mike - In: Journal of Economic Psychology 39 (2013) C, pp. 32-43

This paper examines how consumers perceive fairness and enjoy the outcome of an emerging risky discount: the retail industry’s gambling or lottery type “scratch and save” (SAS) price promotions, in which the actual discount is determined by chance at the checkout.

Persistent link: https://www.econbiz.de/10011051369

Fight or freeze? Individual differences in investors’ motivational systems and trading in experimental asset markets

Muehlfeld, Katrin; Weitzel, Utz; van Witteloostuijn, Arjen - In: Journal of Economic Psychology 34 (2013) C, pp. 195-209

We analyze investors’ trading behavior, particularly their coping with fundamental shocks in asset value, depending on individual differences in the sensitivity of two basic neurophysiological systems—the Behavioral Approach System (BAS), the ‘driving force’ of human behavior, and the...

Persistent link: https://www.econbiz.de/10011051350

Relative performance information in asset markets: An experimental approach

Schoenberg, Eric J.; Haruvy, Ernan - In: Journal of Economic Psychology 33 (2012) 6, pp. 1143-1155

An important issue in the study of asset market bubbles is the extent to which traders are influenced by their perceived performance relative to other traders. Extant research on laboratory asset market bubbles has generally kept performance information private, effectively excluding such...

Persistent link: https://www.econbiz.de/10011051392

The relevance of thinking-by-analogy for investors’ willingness-to-pay: An experimental study

Siddiqi, Hammad - In: Journal of Economic Psychology 33 (2012) 1, pp. 19-29

-to-pay for a risky asset in a laboratory experiment. We find that thinking-by-analogy has a strong influence when the assets in … reduced, the risk neutral and risk averse hypotheses outperform the hypothesis of thinking-by-analogy. Regardless of the …

Persistent link: https://www.econbiz.de/10010577310

Observing your competitor – The role of effort information in two-stage tournaments

Ludwig, Sandra; Lünser, Gabriele K. - In: Journal of Economic Psychology 33 (2012) 1, pp. 166-182

We consider two-stage tournaments with different information structures: Either competitors observe each others’ first-stage effort before entering the second stage or not. In laboratory experiments, we observe that subjects adjust their effort to the effort information (if available): While...

Persistent link: https://www.econbiz.de/10011051346

The impact of empowering investors on trust and trustworthiness

Kanagaretnam, Kiridaran; Mestelman, Stuart; Khalid … - In: Journal of Economic Psychology 33 (2012) 3, pp. 566-577

This paper uses a controlled laboratory environment and a two-person investment game in a multi-period setting to … trust by over 30% in both cases. To control for a treatment sequence effect, we conducted the experiment in a reverse order …

Persistent link: https://www.econbiz.de/10010577299

Learning in experiments: Dynamic interaction of policy variables designed to deter tax evasion

Soliman, Amal; Jones, Philip; Cullis, John - In: Journal of Economic Psychology 40 (2014) C, pp. 175-186

While neoclassical economic theory sheds insight into the way that audit rates and penalty rates interact when individuals decide to declare income for taxation, it predicts far lower levels of compliance than observed levels of compliance. This paper analyses experimental responses to explore a...

Persistent link: https://www.econbiz.de/10010738070

Lying and team incentives

Conrads, Julian; Irlenbusch, Bernd; Rilke, Rainer Michael; … - In: Journal of Economic Psychology 34 (2013) C, pp. 1-7

We investigate the influence of two popular compensation schemes on subjects’ inclination to lie by adapting an experimental setup of Fischbacher and Heusi (2008). Lying turns out to be more pronounced under team incentives than under individual piece-rates, which highlights a fairly neglected...

Persistent link: https://www.econbiz.de/10010747604

Effects of exclusion on acceptance in ultimatum games

Fischer, Sven; Güth, Werner - In: Journal of Economic Psychology 33 (2012) 6, pp. 1100-1114

In three-party ultimatum games, the proposer can first decide whether to exclude one responder, which increases the available pie. The experiments control for intentionality of exclusion and veto power of the third party. We do not find evidence for indirect reciprocity of the remaining...

Persistent link: https://www.econbiz.de/10011051321

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