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Relative performance information in asset markets: An experimental approach
Schoenberg, Eric J.; Haruvy, Ernan - In: Journal of Economic Psychology 33 (2012) 6, pp. 1143-1155
An important issue in the study of asset market bubbles is the extent to which traders are influenced by their perceived performance relative to other traders. Extant research on laboratory asset market bubbles has generally kept performance information private, effectively excluding such...
Persistent link: https://www.econbiz.de/10011051392
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Can Rumors and Other Uninformative Messages Cause Illiquidity ?
Radu, Vranceanu; Besancenot, Damien; Dubart, Delphine - ESSEC Business School - 2013
the outcome of a past investment decision. If investors believe that the message has an impact on the beliefs of the … both an equilibrium where all invest and an equilibrium where no one invests can occur. In a Lab experiment, a large number …
Persistent link: https://www.econbiz.de/10010891614
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Individual and Couple Decision Behavior under Risk: The Power of Ultimate Control
Palma, André de; Picard, Nathalie; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2008
This paper reports results of an experiment designed to analyze the link between risky decisions made by couples and … risky decisions made separately by each spouse. We estimate both the spouses and the couples’ degrees of risk aversion and … we assess how the risk preferences of the two spouses aggregate when they make risky decisions. This enables us to …
Persistent link: https://www.econbiz.de/10005765204
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Impact of Risk and Uncertainty in the Provision of Local and Global Environmental Goods : An Experimental Analysis
Gangadharan, Lata; Nemes, Veronika - Department of Economics, Faculty of Business and Economics - 2005
, in the presence of risk and uncertainties in the provision of these goods. We use a within subject design that allows for …) risk and uncertainty. Our results show that the location of the risk and uncertainty matters, with subjects moving away … uncertainty on the same good leading to a significant drop in contributions. We find that in the presence of risk and uncertainty …
Persistent link: https://www.econbiz.de/10005587700
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Competition vs. communication: An experimental study on restoring trust
Lei, Vivian; Masclet, David; Vesely, Filip - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 94-107
Trust is fragile. It is hard to build but easy to destroy. In this paper, we explore the fragility of trust in a stylized laboratory environment. We ask whether transgression outside a direct send-and-return relationship destroys trust and, if so, whether a competition against outsiders or an...
Persistent link: https://www.econbiz.de/10011116874
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Can a sense of entitlement increase stealing?
Gravert, Christina - School of Economics and Management, University of Aarhus - 2012
Are people more likely to steal when the payoff they deserve is determined randomly or when it depends on their performance in a difficult task? In this paper I investigate how the probability of stealing is affected by the way in which payoff is earned. After answering a short survey one group...
Persistent link: https://www.econbiz.de/10010851117
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Do I Care if You Know I Betrayed You?
Cox, James C.; Li, Danyang - Department of Economics, Andrew Young School of Policy … - 2012
where betrayal is revealed. We find that more trustees choose to defect in our experiment when betrayal is obfuscated than …
Persistent link: https://www.econbiz.de/10010862300
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An ultimatum game with multidimensional response strategies
Güth, Werner; Levati, M. Vittoria; Nardi, Chiara; … - Wirtschaftswissenschaftliche Fakultät, … - 2014
We enrich the choice task of responders in ultimatum games by allow- ing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding...
Persistent link: https://www.econbiz.de/10010887074
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An Experimental Analysis of Dynamic Incentives to Share Knowledge
Deck, Cary; Erkal, Nisvan - Department of Economics, Faculty of Business and Economics - 2009
capabilities, shorten development time, and spread risk and cost. A question central to the study of knowledge sharing arrangements …
Persistent link: https://www.econbiz.de/10010903387
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Conditional punishment
Kamei, Kenju - In: Economics Letters 124 (2014) 2, pp. 199-202
We elicit human conditional punishment types by conducting experiments. We find that their punishment decisions to an individual are on average significantly positively proportional to other members’ punishment decisions to that individual.
Persistent link: https://www.econbiz.de/10010933289