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Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011813016
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011899690
Persistent link: https://www.econbiz.de/10009753820
show that risk attitude is strongly affected by social contexts: participants in the experiment seem to be relatively risk …This paper investigates experimentally whether risk attitudes are stable across social contexts. In particular, it … seeking when they possess a relatively weaker position than the other party and risk averse when the opposite is true. Our …
Persistent link: https://www.econbiz.de/10010350221
Persistent link: https://www.econbiz.de/10012698844
Persistent link: https://www.econbiz.de/10012175568
social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure …We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in … cooperation, and the association is weaker for more risk-averse individuals. Free riders differ from other contributor types only …
Persistent link: https://www.econbiz.de/10009490199
predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels …
Persistent link: https://www.econbiz.de/10009419533
Persistent link: https://www.econbiz.de/10009234314
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10009737080