Narrow search
Showing 1 - 10 of 902
Cover Image
Theoretical asset pricing under behavioral decision making
Vries, Martijn Alexander de - 2022
Persistent link: https://www.econbiz.de/10013263004
Cover Image
Shareholders' expectations, aspiration levels, and mergers
Diecidue, Enrico; Ven, Jeroen van de; Weitzel, Utz - 2008
Persistent link: https://www.econbiz.de/10003909952
Cover Image
A robust approach to risk aversion
Bommier, Antoine; Le Grand, François - 2013
We investigate whether the set of Kreps and Porteus (1978) preferences include classes of preferences that are stationary, monotonic and well-ordered in terms of risk aversion. We prove that the class of preferences introduced by Hansen and Sargent (1995) in their robustness analysis is the only...
Persistent link: https://www.econbiz.de/10009721838
Cover Image
Joint measurement of risk aversion, prudence and temperance
Ebert, Sebastian; Wiesen, Daniel - 2010
risk. -- Decision making under risk ; laboratory experiment ; prudence ; risk aversion ; temperance ; gender differences …
Persistent link: https://www.econbiz.de/10009124807
Cover Image
Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10011348343
Cover Image
Manipulating reliance on intuition reduces risk and ambiguity aversion
Butler, Jeffrey; Guiso, Luigi; Jappelli, Tullio - 2013
Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010200793
Cover Image
Calibration of quantum decision theory, aversion to large losses and predictability of probabilistic choices
Vincent, Sabine; Jukalov, Vjačeslav I.; Kovalenko, Tatyana - 2016
We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a … differentiation of the population into two similar sized groups in terms of "over-confident" and "contrarian" decision makers. This …
Persistent link: https://www.econbiz.de/10011516615
Cover Image
Overconfidence in investment decisions : an experimental approach
Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - 2001
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444
Cover Image
Ambiguity and gender differences in financial decision making : an experimental examination of competence and confidence effects
Gysler, Matthias; Brown-Kruse, Jamie Lynette; Schubert, … - 2002
ambiguous lotteries in a financial decision context. The experiment can be viewed in two parts. The first part replicates an … and elicited values of lotteries in a financial decision context. Further, the interaction of overconfidence, competence …
Persistent link: https://www.econbiz.de/10001727835
Cover Image
Top-down or bottom-up? : disentangling channels of attention in risky choice
Engelmann, Jan; Hirmas, Alejandro; Weele, Joël J. van der - 2021
Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and macro level. This has resulted in several disparate theoretical approaches. Some, like rational inattention, assume a "top-down" model of executive optimization. Others, like...
Persistent link: https://www.econbiz.de/10012510861