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decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
such as graphical vs text representation that have no role in decision theory. …
Persistent link: https://www.econbiz.de/10012013808
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … suggest that cognitive ability is related to random decision making rather than to risk preferences. …
Persistent link: https://www.econbiz.de/10013208638
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for …
Persistent link: https://www.econbiz.de/10013208657
This study investigates loss aversion when the reference point is state-dependent.Using a state-dependent structure, prospects are more attractive if they depend positively on the reference point and are less attractive in case of negative dependence. In addition, the structure is neutral in the...
Persistent link: https://www.econbiz.de/10005858208
We design and implement the first real-effort experiment that can jointly estimate present bias (Ø) and sophistication …
Persistent link: https://www.econbiz.de/10014474499
This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...
Persistent link: https://www.econbiz.de/10010274338
genders might interpret the social norms in group decision-making differently. …
Persistent link: https://www.econbiz.de/10010500224
We report results from a laboratory experiment that explores the effects of preference communication and leader … selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group … leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …
Persistent link: https://www.econbiz.de/10010500256
We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of hormonal contraceptives, menstrual cycle information, salivary testosterone, estradiol, progesterone, and cortisol as well as the digit ratio (2D:4D) in more than 200 subjects. In...
Persistent link: https://www.econbiz.de/10010507615