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Determinants of financial literacy and behavioral bias among adolescents
Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023
Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...
Persistent link: https://www.econbiz.de/10013483340
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Knowledge and beliefs about behavioral biases
Huber, Jürgen; Kirchler, Michael; Steinbacher, Teresa - 2024
In this study we explore the knowledge and beliefs regarding behavioral biases among behavioral scientists, financial professionals, and the general population. We investigate knowledge about ten prominent biases and collect beliefs about the knowledge levels of each of these subject pools by...
Persistent link: https://www.econbiz.de/10015178401
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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 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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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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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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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