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Loss aversion and mental accounting : the favorite-longshot bias in parimutuel betting
Qiu, Jianying - 2009
(the favorite-longshot bias). I build a game theoretical model and show that the favorite-longshot bias is the equilibrium … play of the players with loss aversion, and that the degree of the favorite-longshot bias depends on the mental accounting … process the players use. -- loss aversion ; mental accounting ; parimutuel betting ; the favorite-longshot bias …
Persistent link: https://www.econbiz.de/10009734683
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Loss aversion and mental accounting : the favorite-longshot bias in parimutuel betting
Qiu, Jianying - 2009
Persistent link: https://www.econbiz.de/10008655972
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Behavioral determinants of home bias : theory and experiment
Dlugosch, Dennis; Horn, Kristian; Wang, Mei - 2014 - This version: April 6, 2014
show a bias towards assets with a familiar or homeland label, the model does not hold. This misdiversification against the …
Persistent link: https://www.econbiz.de/10010340322
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How social preferences shape incentives in (experimental) markets for credence goods
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
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Why did he do that? : using counterfactuals to study the effect of intentions in extensive form games
Engler, Yola; Kerschbamer, Rudolf; Page, Lionel - 2016
We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...
Persistent link: https://www.econbiz.de/10011480554
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The geometry of distributional preferences and a non-parametric identification approach
Kerschbamer, Rudolf - 2013 - This Version: October 2013
This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...
Persistent link: https://www.econbiz.de/10010191920
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The role of non-binding pledges in social dilemmas with mitigation and adaptation
McEvoy, David M.; Haller, Tobias; Blanco, Esther - 2019
significant predictors of mitigation investments over the course of the experiment. …
Persistent link: https://www.econbiz.de/10011988473
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Social status and risk-taking in investment decisions
Lindner, Florian; Kirchler, Michael; Rosenkranz, Stephanie - 2019
A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets and investigate how reputational motives (i.e., the public...
Persistent link: https://www.econbiz.de/10012008982
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Davis, Brent J.; Sutter, Matthias - 2017
uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … present a novel experiment where subjects can compete against each other, but where the number of winners is either uncertain …
Persistent link: https://www.econbiz.de/10011719839
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 30 September 2023
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014373468