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Confucianism and preferences: Evidence from lab experiments in Taiwan and China
Liu, Elaine M.; Meng, Juanjuan; Wang, Joseph Tao-yi - In: Journal of Economic Behavior & Organization 104 (2014) C, pp. 106-122
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/10010785128
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Strong Evidence for Gender Differences in Risk Taking
Charness, Gary; Gneezy, Uri - In: Journal of Economic Behavior & Organization 83 (2012) 1, pp. 50-58
Are men more willing to take financial risks than women? The answer to this question has immediate relevance for many economic issues. We assemble the data from 15 sets of experiments with one simple underlying investment game. Most of these experiments were not designed to investigate gender...
Persistent link: https://www.econbiz.de/10010573061
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Harnessing the benefits of betrayal aversion
Aimone, Jason A.; Houser, Daniel - In: Journal of Economic Behavior & Organization 89 (2013) C, pp. 1-8
is beneficial in reducing trustees’ willingness to betray trust. In light of this, many common knowledge institutions may …
Persistent link: https://www.econbiz.de/10010664300
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Betrayal aversion versus principled trustfulness—How to explain risk avoidance and risky choices in trust games
Fetchenhauer, Detlef; Dunning, David - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 534-541
Are decisions in a trust game more or less sensitive to changes in risk than decisions in a purely financial, non …-social decision-making task? Participants in a binary trust game (they could either keep $5 for sure or give it to a trustee with the … 80 percent and then were asked to decide whether to trust that other person. In addition, participants made a decision in …
Persistent link: https://www.econbiz.de/10011048084
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Why are educated and risk-loving persons more mobile across regions?
Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan; … - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 56-69
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro-data on internal migrants from the German Socio-Economic Panel (SOEP) 2000–2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10010743947
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Human capital investment by the poor: Informing policy with laboratory experiments
Eckel, Catherine; Johnson, Cathleen; Montmarquette, Claude - In: Journal of Economic Behavior & Organization 95 (2013) C, pp. 224-239
The purpose of the study is to better understand human capital investment decisions of the working poor, and to collect information that can be used to design a policy to induce the poor to invest in human capital. We use laboratory experimental methodology to elicit the preferences and observe...
Persistent link: https://www.econbiz.de/10010719244
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Gender differences in ultimatum games: Despite rather than due to risk attitudes
García-Gallego, Aurora; Georgantzís, Nikolaos; … - In: Journal of Economic Behavior & Organization 83 (2012) 1, pp. 42-49
We analyze experimental data obtained from an ultimatum game framed as a situation of employee–employer negotiation over salaries. Parallel to this, we elicit subjects’ risk attitudes. In the existing literature, it has often been conjectured that gender differences in strategic environments...
Persistent link: https://www.econbiz.de/10011048068
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Temporal stability and psychological foundations of cooperation preferences
Volk, Stefan; Thöni, Christian; Ruigrok, Winfried - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 664-676
cooperation preferences. The personality dimension ‘Agreeableness’ is closely related to both the type and the stability of …
Persistent link: https://www.econbiz.de/10011048081
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The meerkat effect: Personality and market returns affect investors’ portfolio monitoring behaviour
Gherzi, Svetlana; Egan, Daniel; Stewart, Neil; Haisley, … - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 512-526
markets are closed. Moreover, an investor personality trait – neuroticism – moderates the pattern of portfolio monitoring …
Persistent link: https://www.econbiz.de/10011116873
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A theory of discrete choice with information costs
Cheremukhin, Anton; Popova, Anna; Tutino, Antonella - In: Journal of Economic Behavior & Organization 113 (2015) C, pp. 34-50
We present a theory of discrete choice with information costs that supports deliberate stochastic choice. We use a unique experimental dataset to distinguish between errors arising from limitations on a decision maker's cognitive abilities and conscious disregard of information. Experimental...
Persistent link: https://www.econbiz.de/10011263911