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Collective intertemporal decisions and heterogeneity in groups

Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2019

Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...

Persistent link: https://www.econbiz.de/10012019615

No need for more time : intertemporal allocation decisions under time pressure

Lindner, Florian; Rose, Julia - 2016

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...

Persistent link: https://www.econbiz.de/10011523286

Delegated decision making and social competition in the finance industry

Kirchler, Michael; Lindner, Florian; Weitzel, Utz - 2018

investigate professionals' risk-taking behavior when investing funds for clients. We run online and lab-in-the-field experiments …

Persistent link: https://www.econbiz.de/10011847498

Strategic sophistication of adolescents : evidence from experimental normal-form games

Czermak, Simon; Feri, Francesco; Glätzle-Rützler, Daniela - 2010 - This version: 04 July 2010

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 and equilibrium payoffs are not too unequal. Using a mixture model we … math grades are more strategic. -- strategic thinking ; beliefs ; experiment ; age ; adolescents …

Persistent link: https://www.econbiz.de/10009736601

Social preferences in childhood and adolescence : a large-scale experiment

Sutter, Matthias; Feri, Francesco; Kocher, Martin; … - 2010 - This version: 15 June 2010

Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...

Persistent link: https://www.econbiz.de/10009736607

Strategic sophistication of individuals and teams in experimental normal-form games

Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010 - This version: 29 January 2010

. 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 are more often consistent by being a best reply to first order beliefs. We … only 40% for individuals. -- strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …

Persistent link: https://www.econbiz.de/10009736622

Social preferences during childhood and the role of gender and age : an experiment in Austria and Sweden

Martinsson, Peter; Nordblom, Katarina; … - 2010

We examine social preferences of Swedish and Austrian children and adolescents using the experimental design of Charness and Rabin (2002). We find that difference aversion decreases while social-welfare preferences increase with age. -- social preferences ; children ; adolescents ;...

Persistent link: https://www.econbiz.de/10009737081

Deception through telling the truth?! : experimental evidence from individuals and teams

Sutter, Matthias - 2007 - This version: 23rd October 2007

Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...

Persistent link: https://www.econbiz.de/10009731801

From individual choices to the 4-eyes-principle : the big robber game revisited among financial professionals and students

Bachler, Sebastian; Holzknecht, Armando; Huber, Jürgen; … - 2024

experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations …

Persistent link: https://www.econbiz.de/10014507161