Similar Search Results

Joint measurement of risk aversion, prudence and temperance

Ebert, Sebastian; Wiesen, Daniel - 2010

We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96...

Persistent link: https://www.econbiz.de/10010293367

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

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

Myopic Loss Aversion, the Equity Premium Puzzle, and GARCH

Ågren, Martin - 2005

This paper concerns the distributional assumptions made on stock returns in the myopic loss aversion (MLA) proposed explanation to the equity premium puzzle. While Benartzi and Thaler (1995) assume temporal independence in these returns, we introduce a more realistic assumption incorporating...

Persistent link: https://www.econbiz.de/10010321544

Risk Aversion and Social Networks

Kovarik, Jaromir; van der Leij, Marco J. - 2011

Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...

Persistent link: https://www.econbiz.de/10010325766

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

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

An Experimental Investigation of the Role of Errors for Explaining Violations of Expected Utility

Neugebauer, Tibor; Schmidt, Ulrich - 2003

One possible conclusion from recent experimental research on decision making under risk is that observed behaviour can … of the subjects and most of the choice problems under risk. However, it turns out that for decision problems under …

Persistent link: https://www.econbiz.de/10010261667

Apportioning of risks via stochastic dominance

Eeckhoudt, Louis; Schlesinger, Harris; Tsetlin, Ilia - 2008

+ XM] dominates the lottery [XN + XM, YN + YM] via (N + M)th-order stochastic dominance. The basic idea is that a decision …

Persistent link: https://www.econbiz.de/10010264492

Individual-level loss aversion in riskless and risky choices

Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - 2010

Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...

Persistent link: https://www.econbiz.de/10010277468