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; cognitive ability ; experiment; noise … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …
Persistent link: https://www.econbiz.de/10009737693
decision noise leads to bias in most elicitation tasks, there is a risk of falsely interpreting noise-driven relationships as … an economic experiment with subjects from all walks of life, that using structural estimation that models heterogeneity … of noise in combination with a balanced design allows us to mitigate the bias problem. Our estimations show that …
Persistent link: https://www.econbiz.de/10012292419
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …
Persistent link: https://www.econbiz.de/10013083213
for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able to … for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability.Our results suggest …
Persistent link: https://www.econbiz.de/10013073663
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
Persistent link: https://www.econbiz.de/10010517141
Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are context dependent rather than ubiquitous. In this paper we try to rationalize the heterogeneity of results investigating experimentally whether the presence of a safe option among the...
Persistent link: https://www.econbiz.de/10011664425
choice elicitation methods for financial decisions. Our results continue to hold in an incentivized laboratory experiment. We …
Persistent link: https://www.econbiz.de/10012856405
Heterogeneity in subject populations often necessitates choosing an elicitation task that is intuitive, easy to explain, and simple to implement. Given that subject behaviour often differs dramatically across tasks when eliciting risk preferences, caution needs to be exercised in choosing one...
Persistent link: https://www.econbiz.de/10011456151
Field constraints often necessitate choosing an elicitation task that is intuitive, easy to explain, and simple to implement. Given that subject behavior often differs dramatically across tasks when eliciting risk preferences, caution needs to be exercised in choosing one risk elicitation task...
Persistent link: https://www.econbiz.de/10011452763
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory experiment that …
Persistent link: https://www.econbiz.de/10011664419