Showing 1 - 10 of 146
We study financial contagion in an experimental market. There are two assets and an exogenous shock reduces the value of one of the two assets. Whether and how the other asset is affected depends on the correlation between the underlying values of the two assets. In some trials, the...
Persistent link: https://www.econbiz.de/10011144444
We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … individual’s level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …
Persistent link: https://www.econbiz.de/10011091811
performance. Results from a laboratory experiment corroborate this prediction. This paper highlights the limits of monetary …
Persistent link: https://www.econbiz.de/10012844724
the asset can be traded. Our experiment has two treatments, one in which a spot market operates on its own, and a second …
Persistent link: https://www.econbiz.de/10010937935
Abstract: To boost employees’ performance, firms often offer monetary bonuses when production goals are reached. However, the evidence suggests that the particular level of a goal is critical to the effectiveness of this practice. Goals must be challenging yet achievable. Computing optimal...
Persistent link: https://www.econbiz.de/10011220496
an experiment that aims to (1) compare how common quantile decision making is relative to expected utility maximization …, and (2) estimate risk attitude parameters under the assumption of quantile preferences. The experiment has two parts. In … quantile preference model outperforms expected utility for a considerable minority, 30%--50%, of participants, depending on the …
Persistent link: https://www.econbiz.de/10014097248
genetically modified organisms in the food supply. We report the results of an economic experiment in which we elicited … thresholds. We also present the data from a survey of public opinion on the same subject. Participants in both the experiment and …
Persistent link: https://www.econbiz.de/10008578635
the asset can be traded. Our experiment has two treatments, one in which a spot market operates on its own, and a second …
Persistent link: https://www.econbiz.de/10011144459
Abstract: We report results from three well-known experimental paradigms, where we use time, rather than money, as the salient component of subjects’ incentives. The three experiments, commonly employed to study social preferences, are the dictator game, the ultimatum game and the trust game....
Persistent link: https://www.econbiz.de/10011090374
Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we...
Persistent link: https://www.econbiz.de/10011090796