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Gender differences and dynamics in competition: The role of luck
Gill, David; Prowse, Victoria - 2010
We present experimental evidence which sheds new light on why women may be less competitive than men. Specifically, we observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss, women tend to reduce effort, and the effect is...
Persistent link: https://www.econbiz.de/10010269929
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Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China
Liu, Elaine M.; Meng, Juanjuan; Wang, Joseph Tao-yi - 2013
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being...
Persistent link: https://www.econbiz.de/10010329049
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Cognitive abilities and behavioral biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10010269260
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Strategic sophistication of individuals and teams in experimental normal-form games
Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash strategy significantly more often, and their choices...
Persistent link: https://www.econbiz.de/10010269696
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Strategic sophistication of adolescents: Evidence from experimental normal-form games
Czermak, Simon; Feri, Francesco; Rützler, Daniela; … - 2010
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10010272677
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Framing effects and impatience: Evidence from a large scale experiment
van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - 2012
broadly rather than narrowly. We find that the framing effect is significantly larger for impatient than for patient …
Persistent link: https://www.econbiz.de/10010291450
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Comparing Students to Workers : The Effects of Social Framing on Behavior in Distribution Games
Carpenter, Jeffrey P.; Burks, Stephen V.; Verhoogen, Eric A. - 2004
with naturally occurring variation in "social framing." Our participants are students at Middlebury College, non … between games, an effect we attribute to the social framing of the workplace. …
Persistent link: https://www.econbiz.de/10010276947
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Toward the integration of personality theory and decision theory in the explanation of economic and health behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010287694
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Cognitive dissonance, pessimism, and behavioral spillover effects
Dickinson, David L.; Oxoby, Robert J. - 2007
This paper reports results from a unique two-stage experiment designed to examine the spillover effects of optimism and pessimism. In stage 1, we induce optimism or pessimism onto subjects by randomly assigning a high or low piece rate for performing a cognitive task. We find that participants...
Persistent link: https://www.econbiz.de/10010268146
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Choice over time
Manzini, Paola; Mariotti, Marco - 2007
In the last twenty years a growing body of experimental evidence has posed a challenge to the standard Exponential Discounting Model of choice over time. Attention has focused on some specific 'anomalies', notably preference reversal and declining discount rates, leading to the formulation of...
Persistent link: https://www.econbiz.de/10010268292