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Does having insurance change individuals' self-confidence?
Guber, Raphael; Kocher, Martin G.; Winter, Joachim - 2018
case. We show that in an insurance context, being insured against losses that may be incurred in a real-effort task changes … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of … uninsured subjects are underconfident while those that obtain insurance have well-calibrated beliefs. Our results suggest that …
Persistent link: https://www.econbiz.de/10011917380
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Other-regarding preferences and leadership styles
Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - 2009
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10010269301
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Impatience and uncertainty: Experimental decisions predict adolescents' field behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010
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 impatience are found to be significant redictors of health...
Persistent link: https://www.econbiz.de/10010294843
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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
Rützler, Daniela; Sutter, Matthias; Kocher, Martin G.; … - 2011
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 impatience are found to be significant predictors of health...
Persistent link: https://www.econbiz.de/10010305955
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Impatience and Uncertainty: Experimental Decisions Predict Adolecents' Field Behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010
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 impatience are found to be significant predictors of health...
Persistent link: https://www.econbiz.de/10010427581
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An Experimental Test of Precautionary Bidding
Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - 2010
Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers’ private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...
Persistent link: https://www.econbiz.de/10010427591
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Tempus Fugit: Time Pressure in Risky Decisions
Kocher, Martin G.; 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/10010427593
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Ambiguity Aversion is the Exception
Kocher, Martin G.; Lahno, Amrei M.; 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/10010500429
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Ambiguity aversion is the exception
Kocher, Martin G.; 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/10010531615
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Impatience and uncertainty: Experimental decisions predict adolescents' field behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010
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 impatience are found to be significant predictors of health...
Persistent link: https://www.econbiz.de/10010278559