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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/10005432667
We study portfolio diversification in an experimental decision task, where asset returns depend on a draw from an ambiguous urn. Holding other information identical and controlling for the level of ambiguity, we find that labeling assets as being familiar or from the homeland of subjects...
Persistent link: https://www.econbiz.de/10010839580
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study …
Persistent link: https://www.econbiz.de/10010632924
In this paper we experimentally test skewness preferences 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 …
Persistent link: https://www.econbiz.de/10004965212
belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these …
Persistent link: https://www.econbiz.de/10010684334
telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling …
Persistent link: https://www.econbiz.de/10005427644
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
Persistent link: https://www.econbiz.de/10005427646
coordinate with other teams. We present an experiment with 825 participants, using six different coordination games, where either …
Persistent link: https://www.econbiz.de/10005427660
decisions in an experimental dictator game. In our experiment teams are more selfish than individuals, and the most selfish team …
Persistent link: https://www.econbiz.de/10005427663
We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even though in reality teams were largely involved in those auctions, experimental studies on bidding in auctions have so far relied on individual bidders. Our results show that...
Persistent link: https://www.econbiz.de/10005432661