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An experimental study of precautionary bidding : conference paper
Kocher, Martin; Pahlke, Julius; Trautmann, Stefan T. - 2013
Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...
Persistent link: https://www.econbiz.de/10010344662
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Ambiguity aversion is the exception
Kocher, Martin; Lahno, Amrei Marie; Trautmann, Stefan T. - 2015
An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can account for empirically observed violations of expected utility-based theories. Almost all relevant applied models presume a general dislike of ambiguity. In this paper, we provide...
Persistent link: https://www.econbiz.de/10010493084
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Ambiguity aversion is the exception
Kocher, Martin; Lahno, Amrei Marie; Trautmann, Stefan T. - 2015
An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can account for empirically observed violations of expected utility-based theories. Almost all relevant applied models presume a general dislike of ambiguity. In this paper, we provide...
Persistent link: https://www.econbiz.de/10010496989
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Tempus fugit : time pressure in risky decisions
Kocher, Martin; Pahlke, Julius; Trautmann, Stefan T. - 2011
We study the effects of time pressure on risky decisions for pure gain prospects, pure loss prospects, and mixed prospects involving both gains and losses. In an experiment we find that risk aversion for gains is robust under time pressure whereas risk seeking for losses turns into risk aversion...
Persistent link: https://www.econbiz.de/10009124636
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Gender and cooperative preferences on five continents
Furtner, Nadja C.; Kocher, Martin; Martinsson, Peter; … - 2016
Evidence of gender differences in cooperation in social dilemmas is inconclusive. This paper experimentally elicits …
Persistent link: https://www.econbiz.de/10011568550
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Cheating and loss aversion : do people lie more to avoid a loss?
Grolleau, Gilles; Kocher, Martin; Sutan, Angela - 2014 - This version: August 25, 2014
Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...
Persistent link: https://www.econbiz.de/10010398917
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Cheating and loss aversion : do people lie more to avoid a loss?
Grolleau, Gilles; Kocher, Martin; Sutan, Angela - 2014
Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...
Persistent link: https://www.econbiz.de/10010412075
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Experimental evidence of the importance of gender pairing in bargaining
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; van … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses … derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on … behavior, whereas (2) gender pairing systematically affects behavior. In particular we observe much more competition and …
Persistent link: https://www.econbiz.de/10005866879
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Experimental evidence of the importance of gender pairing in bargaining
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003
We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses … derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on … behavior, whereas (2) gender pairing systematically affects behavior. In particular, we observe much more competition and …
Persistent link: https://www.econbiz.de/10005588014
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Gender and cooperative preferences on five continents
Furtner, Nadja C.; Kocher, Martin; Martinsson, Peter; … - 2016
Evidence of gender differences in cooperation in social dilemmas is inconclusive. This paper experimentally elicits …
Persistent link: https://www.econbiz.de/10011626626