This paper examines Chinese students' risk attitude using buying and selling experiments with lotteries. We found that subjects were more risk averse in the buying experiment than in the selling experiment, suggesting the endowment effect. In the selling experiment, subjects were risk loving...

The delay effect, that people discount the near future more than the distant future, has not been verified rigorously. An experiment conducted by us in China confirms that, by separating the delay from the interval, the delay effect exists only within a short delay. The results are reliable,...

The composition and manufacturing process of a three-layer anticorrosive cool coating for oil storage tanks are introduced. The optical, indoor thermal and physicochemical properties were systematically investigated. In addition, the outdoor cooling effect and the reduction of evaporation losses...

This paper examines Chinese students' risk attitudes using selling and buying experiments with lotteries. We found that subjects were more risk averse during the buying experiment than during the selling experiment, suggesting an endowment effect. In the selling experiment, subjects were risk...

Modern theory of foreign direct investment (FDI) identifies market frictions such as transport costs and tariffs as major obstacles to a firm's access to foreign markets and as important reasons for two-way FDI. An alternative rationale for two-way FDI is offered in the present paper from a...