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to cognitive limitations. Our findings from a controlled laboratory experiment suggest that the two dimensions capture …
Persistent link: https://www.econbiz.de/10009734688
With the rise of experimental research in the social sciences, numerous methods to elicit and classify people's risk attitudes in the laboratory have evolved. However, evidence suggests that people's attitudes towards risk may change considerably when measured with different methods. Based on a...
Persistent link: https://www.econbiz.de/10012098392
Persistent link: https://www.econbiz.de/10008655976
experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … second lottery almost a year later. The same pattern emerges in another experiment with 136 subjects where the second lottery …
Persistent link: https://www.econbiz.de/10012607969
, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012019615
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
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
design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate …
Persistent link: https://www.econbiz.de/10010509128
broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most …
Persistent link: https://www.econbiz.de/10009736618
Persistent link: https://www.econbiz.de/10008658103