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Empirical Tests of Intransitivity Predicted by Models of Risky Choice
Birnbaum, Michael H.; Schmidt, Ulrich - 2006
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which...
Persistent link: https://www.econbiz.de/10010296263
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Unternehmensleitung und Innovationserfolg
Czarnitzki, Dirk; Kraft, Kornelius - 2001
In dieser Arbeit werden die verschiedenen Anreize für Manager im Vergleich zu Unternehmenseignern untersucht, Innovationen durchzuführen. Bei den Anreizen treten gegenläufige Effekte der Innovationsanstrengungen auf. Unsere Untersuchung über die Determinanten des Innovationserfolges liefert...
Persistent link: https://www.econbiz.de/10010297807
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Social Comparison and Risky Choices
Linde, Jona; Sonnemans, Joep - 2009
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …
Persistent link: https://www.econbiz.de/10010325900
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Social Preferences in Private Decisions
Linde, Jona; Sonnemans, Joep - 2012
situation where participants face a risky decision that affects only their own earnings. In the social (individual) treatment …
Persistent link: https://www.econbiz.de/10010326434
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Gambling in Contests
Seel, Christian; Strack, Philipp - 2012
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n-player winner-take-all contest in which each player decides when to stop a privately observed Brownian Motion with drift. A player whose process reaches zero has to stop. The player with the...
Persistent link: https://www.econbiz.de/10010333764
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Continuois Time Contests
Seel, Christian; Strack, Philipp - 2012
This paper introduces a contest model in which each player decides when to stop a privately observed Brownian motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a prize. Applications of the model include procurement...
Persistent link: https://www.econbiz.de/10010334144
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Painful regret and elation at the track
Schnytzer, Adi; Luppi, Barbara - 2008
We present an empirical study of loss aversion in the Hong Kong horse betting market. We provide evidence of the presence of loss aversion in a context of complete absence of the favourite-longshot bias. This would suggest that, since loss aversion is a psychological bias, the favourite-longshot...
Persistent link: https://www.econbiz.de/10010335968
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Attitudes to risk and roulette
Schnytzer, Adi; Westreich, Sara - 2010
Persistent link: https://www.econbiz.de/10010336025
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Attitudes to Risk and Roulette
Schnytzer, Adi; Westreich, Sara - 2010
Persistent link: https://www.econbiz.de/10010336060
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A test of the rational expectations hypothesis using data from a natural experiment
Conte, Anna; Moffatt, Peter G.; Botti, Fabrizio; Di … - 2009
Data on contestants' choices in Italian Game Show Affari Tuoi are analysed in a way that separates the effect of risk attitude (preferences) from that of beliefs concerning the amount of money that will be offered to contestants in future rounds. The most important issue addressed in the paper...
Persistent link: https://www.econbiz.de/10010272013