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prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10010277023
the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …
Persistent link: https://www.econbiz.de/10010267371
This paper presents the results of an experiment that completely measures the utility function and probability …
Persistent link: https://www.econbiz.de/10010277017
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in … Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences …
Persistent link: https://www.econbiz.de/10010289986
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011271980
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10010291450
We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment …
Persistent link: https://www.econbiz.de/10012322445
experiment. The training technique we consider is a well-known psychological technique called "mindfulness", which is believed to … improve self-control and reduce stress. We conduct the experiment with 139 participants, half of whom receive a four …
Persistent link: https://www.econbiz.de/10011524950
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10010531723
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10011274368