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Making the World a better Place: Experimental evidencefrom the generosity Game
Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...
Persistent link: https://www.econbiz.de/10005870982
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Are preferences complete?An experimental measurement of indecisivenessunder risk
Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
robust to preference incompleteness. …
Persistent link: https://www.econbiz.de/10005866755
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Sense of Control Affects Investment Behavior
Li King King - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of … distribution, but provide different sense of control. Preference for controlling and not controlling are both observed …
Persistent link: https://www.econbiz.de/10009022161
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Stochastic dominance and nonparametric comparative revealed risk aversion
Heufer, Jan - 2011
It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second …. If an investor is risk averse, stochastic dominance relations can be combined with revealed preference relations to … recover a larger part of an investor's preference. Interpersonal comparison between investors can be based on intersections of …
Persistent link: https://www.econbiz.de/10009580236
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Measuring tastes for equity and aggregate wealth behind the veil of ignorance
Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018
agnostic individuals through reduced form, revealed preference, and structural estimation analyses. …
Persistent link: https://www.econbiz.de/10011928322
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Expectations as Endowments : Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments
Ericson, Keith M. Marzilli; Fuster, Andreas - 2010
points are determined by expectations. In the first experiment, we endow subjects with an item and randomize the probability … determined by the status quo or when preferences are reference-independent. In the second experiment, we randomly assign subjects …
Persistent link: https://www.econbiz.de/10014201048
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Measuring Individual Risk Attitudes in the Lab: Task orAsk? An Empirical Comparison
Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - Cologne Graduate School in Management, Economics and … - 2011
This paper compares two prominent empirical measures of individualrisk attitudes | the Holt and Laury (2002) lottery-choice task and the multi-itemquestionnaire advocated by Dohmen, Falk, Human, Schupp, Sunde and Wagner(forthcoming) | with respect to (a) their within-subject stability over time...
Persistent link: https://www.econbiz.de/10009302654
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Relating the two Dimensions of Risk Attitudes: AnExperimental Analysis
Qiu, Jianying; Steiger, Eva-Marie - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
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Uncertainty effect revisited using physical lottery format
Rydval, Ondřej; Ortmann, Andreas; Prokosheva, Sasha; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery’s worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10005866429
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Risk Attitude and Market Behavior:Evidence from Experimental Asset Markets
Fellner, Gerlinde; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
In this paper we relate individual risk attitude as elicited by binary lotteriesand certainty equivalents to market behavior. By analyzing 26 independentmarkets with a total of 280 participants we show that binary lottery choicesand certainty equivalents are poorly correlated. Only lottery...
Persistent link: https://www.econbiz.de/10005867015