We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …

explained by avoiding cognitive dissonance as in Konow (2000). Our experiment's choice data is in line with this approach. In …

model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant …

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of …. Participants increase their investment when their preferred method of control is used. Participants who prefer to control more … reduce their investment more strongly when face with less control. Preference for control has larger effect on investment …

, therefore, invest more in such stocks'. We conducted an experiment in Jena, Germany to test whether subjects show local bias and … more in recognized and familiar but not local stocks. Our experiment shows no evidence that familiarity is a reason for …

How do people make investment decisions when they receive outcome feedback? We examined how well the standard mean … risk and covariance of the investments into account. The experimental results illustrate that people reacted sensitively to … different correlation structures of the investment alternatives, which was best predicted by the extended reinforcement model …

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 …

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 …

invest? Although investment does not converge as predicted, portfolios of informed agents reflect the probabilities of states …