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anonymized unpublished manuscripts are examined in an experiment where subjects are paid according to their identification …
Persistent link: https://www.econbiz.de/10005771072
We study risk-taking behavior in tournaments where the optimal strategy is to take no risk. By keeping the optimal … competitiveness and excessive risk-taking. In the most competitive tournament, less than 10% of the subjects played the optimal … strategy in the first rounds. The majority playing dominated strategies increased their risk-taking during game of play. When …
Persistent link: https://www.econbiz.de/10011123564
This experimental study is concerned with the impact of the timing of the resolution of risk on investment behavior … risk resolution (2days) on investment choices. Besides the resolution timing all other factors, including the timing of …. Participants put their own money at stake. Our main finding is that the timing of the resolution of risk matters for investment …
Persistent link: https://www.econbiz.de/10010870868
This paper analyzes gender differences in the disposition effect in an experiment based on Weber and Camerer (1998 …
Persistent link: https://www.econbiz.de/10010743733
investment game allows us to test the robustness of the findings. We find a very consistent result that women invest less, and … economic issues. We assemble the data from 15 sets of experiments with one simple underlying investment game. Most of these … thus appear to be more financially risk averse than men. …
Persistent link: https://www.econbiz.de/10010573061
We report the results of an experiment designed to study whether or not having experienced booms and crashes in …
Persistent link: https://www.econbiz.de/10010719258
We present an experimental study on how people take risk with other people’s money. We use three different elicitation …. Approximately one third of the subjects increase risk-taking when it is on behalf of another subject, while one third reduces risk …-taking. In sum, we find a weak tendency of lower risk-taking with other’s money compared with own money. We also find that …
Persistent link: https://www.econbiz.de/10011074888
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study …
Persistent link: https://www.econbiz.de/10011208878
The question of how to measure and classify people’s risk preferences is of substantial importance in the field of … Economics. Inspired by the multitude of ways used to elicit risk preferences, we conduct a holistic investigation of the most … risk assessment method can lead to biased results especially if researchers investigate its connection to other phenomena …
Persistent link: https://www.econbiz.de/10010949385
belief about the own rank in a real effort task, and subjects’ risk preferences. In this paper I am able to replicate these …
Persistent link: https://www.econbiz.de/10010729430