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A Dynamic Ellsberg Urn Experiment
Dominiak, Adam; Dürsch, Peter; Lefort, Jean-Philippe - Alfred-Weber-Institut für Sozial- und … - 2009
theory: dynamic consistencyand consequentialism. Dynamic consistency requires that ex ante contingentchoices are respected by … experiment and nd that subjectsact more often in line with consequentialism than with dynamic consistency.[...] …
Persistent link: https://www.econbiz.de/10009249016
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Contract Structure, Risk Sharing, and Investment Choice
Fischer, Greg - London School of Economics and Political Science - 2010
explore this possibility, I develop a theory that uni…es modelsof investment choice, informal risk sharing, and formal … …nancial contracts. Ithen test the predictions of this theory using a series of experiments with clientsof a large micro …
Persistent link: https://www.econbiz.de/10008845708
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Understanding the Two Components of Risk Attitudes: AnExperimental Analysis
Qiu, Jianying; Steiger, Eva-Maria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
soleindex of risk attitude. (Cumulative) Prospect theory (CPT) has demonstrated vari-ous empirical deficiencies of EU and …
Persistent link: https://www.econbiz.de/10009022172
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Measuring Individual Risk Attitudes in the Lab: Task orAsk? An Empirical Comparison
Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - Cologne Graduate School in Management, Economics and … - 2011
This paper compares two prominent empirical measures of individualrisk attitudes | the Holt and Laury (2002) lottery-choice task and the multi-itemquestionnaire advocated by Dohmen, Falk, Human, Schupp, Sunde and Wagner(forthcoming) | with respect to (a) their within-subject stability over time...
Persistent link: https://www.econbiz.de/10009302654
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Relating the two Dimensions of Risk Attitudes: AnExperimental Analysis
Qiu, Jianying; Steiger, Eva-Marie - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
In the framework of expected utility theory, risk attitudes are entirely capturedby the curvature of the utility … function. In cumulative prospect theory (CPT) riskattitudes have an additional dimension: the weighting of probabilities. With …, 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
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Valuing Protection against Low Probability,High Loss Risks: Experimental Evidence
Morone, Andrea; Ozdemir, Ozlem - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss …
Persistent link: https://www.econbiz.de/10005866644
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An Experimental Investigation of Alternatives toExpected Utility Using Pricing Data
Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
Experimental research on decision making under risk has until now always employed choicedata in order to evaluate the empirical performance of expected utility and the alternative nonexpectedutility theories. The present paper performs a similar analysis which relies on pricingdata instead of...
Persistent link: https://www.econbiz.de/10005866821
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On the social dimension of time and risk preferences:An experimental study
Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
We report on an experiment designed to explore the interrelation of otherregardingconcerns with attitudes towards risk …
Persistent link: https://www.econbiz.de/10005866823
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Do Individuals Recognize Cascade Behavior of Others? - An Experimental study
Stiehler, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In a cascade experiment subjects are confronted with artificial predecessors prdecting in line with the BHW model …
Persistent link: https://www.econbiz.de/10005866980
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Overconfidence in Investment Decisions:An Experimental Approach
Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices.Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10005867326