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Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the soleindex of risk attitude. (Cumulative) Prospect...
Persistent link: https://www.econbiz.de/10009022172
if part of such disagreement can be explained by a preference-expectation relationship and if people are more likely to … to mitigate a preference-expectation bias and how it relates to the current practice in environmental economics. …
Persistent link: https://www.econbiz.de/10009248913
In a large-scale laboratory experiment, we investigate whether subjects’ scores on the cognitivereflection test (CRT …
Persistent link: https://www.econbiz.de/10009302658
, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
Human decision making is a process guided by different and partly competing mo-tivations that can each dominate behavior and lead to different effects depending on strength and circumstances. “Over-stylizing” neglects such competing concerns and context-dependence, although it facilitates...
Persistent link: https://www.econbiz.de/10005866432
This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and …
Persistent link: https://www.econbiz.de/10005866693
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...
Persistent link: https://www.econbiz.de/10005866879
individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants …
Persistent link: https://www.econbiz.de/10005867006
In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three … experiment. Furthermore, student behavior is not different from non-student behavior when the same age group is considered …
Persistent link: https://www.econbiz.de/10005867078
How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with …
Persistent link: https://www.econbiz.de/10009022162