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importance of excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as … individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse …
Persistent link: https://www.econbiz.de/10012180062
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012868010
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012868969
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
Persistent link: https://www.econbiz.de/10010665916
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010884197
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010287655
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …. We find that while probability sensitivity or risk aversion do not affect trust, loss aversion influences trust … indirectly by lowering the expectations of return. Also, more risk averse and less present biased participants are found to be …
Persistent link: https://www.econbiz.de/10010711936
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012059125
The ratio bias – according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers – has recently gained momentum, with researchers especially in health economics...
Persistent link: https://www.econbiz.de/10008527297
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008527318