Showing 1 - 10 of 17,108
We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … their pre-experimental overconfidence scores, were assigned to the two types of markets: least overconfident subjects formed … five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment …
Persistent link: https://www.econbiz.de/10011266111
Kahneman and Tversky (1979) argued that risky decisions in high stakes environments can be informed using questionnaires with hypothetical choices. Yet results by Holt and Laury (2002) suggest that questionnaire responses and decisions in hypothetical and low monetary payoff environments do not...
Persistent link: https://www.econbiz.de/10010719274
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …
Persistent link: https://www.econbiz.de/10011279246
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … additional individual characteristics such as subjects’ risk attitudes, measures of selfassessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10005703774
reveals overconfidence (underconfidence). The individual is well calibrated if he or she chooses the third alternative …
Persistent link: https://www.econbiz.de/10005463538
making in teams. I find in an investment experiment that individual decisions with salient group membership are largely the …
Persistent link: https://www.econbiz.de/10005032010
making in teams. I find in an investment experiment that individual decisions with salient group membership are largely the …
Persistent link: https://www.econbiz.de/10005432671
-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 …
Persistent link: https://www.econbiz.de/10005144438
We study portfolio diversification in an experimental decision task, where asset returns depend on a draw from an ambiguous urn. Holding other information identical and controlling for the level of ambiguity, we find that labeling assets as being familiar or from the homeland of subjects...
Persistent link: https://www.econbiz.de/10010839580
This experimental study is concerned with the impact of the timing of the resolution of risk on investment behavior, with a special focus on the role of affect. In a between-subjects design, we observe the impact of a substantial delay of risk resolution (2days) on investment choices. Besides...
Persistent link: https://www.econbiz.de/10010870868