language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception … uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing …

irreversible investment. Subjects had the option to trade a safe endowment for a claim on the sum of future realizations from a … initially bet on the state of the world to obtain the high drift, subjects in the treatment group seize the investment at …

equity ; investment ; risk aversion … comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this …

This study analyzes group influence on investment decisions in an attempt to determine the correlation between two … financial behavior tendencies: overconfidence and herding behavior. An experiment was carried out with 92 students from the …

-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to …

not captured by existing models. -- investment decision ; delayed resolution of risk ; emotions ; experiment …-based questionnaire before the experiment and participants' preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

-based questionnaire before the experiment and participants' preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …This experimental study is concerned with the impact of the timing of the resolution of risk on people's willingness to …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk … problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is …

, however, in discussion of the practical relevance and the generalizability of the phenomenon. We designed an experiment that …

) to view an income tax as equivalent to a tax levied only on the risk free return to capital and as therefore equivalent … on the risk free return. I show that the propositions (1) equating an income tax to a tax on the risk free return, and (2 …) distinguishing an income tax from a cash-flow tax only by tax on the risk free return, are distinct. Drawing on the literature on …