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An Experimental Test of Precautionary Bidding
Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - 2010
potentially confounding decision biases. …
Persistent link: https://www.econbiz.de/10010427591
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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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Investment, Resolution of Risk, and the Role of Affect
van Winden, Frans; Krawczyk, Michal; Hopfensitz, Astrid - 2008
This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to take risks, with a special focus on the role of affect. While the importanceof anticipatory emotions has so far been only inferred from decisions regarding hypothetical...
Persistent link: https://www.econbiz.de/10010325960
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Risk and Inequality in a Social Decision Making Experiment
Rohde, Ingrid M.T.; Rohde, Kirsten I.M. - 2012
As societies are increasingly concerned with social risks, it is important to evaluate risks not only from an individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and inequality. This paper presents an experiment which...
Persistent link: https://www.econbiz.de/10010326431
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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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Individual behavior and group membership: comment
Sutter, Matthias - 2008
-strategic decisions, even when no outgroup exists, and I relate the effects of group membership on individual decisions to joint decision … same as team decisions. This finding bridges the literature on team decision making and on group membership effects. …
Persistent link: https://www.econbiz.de/10010266672
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Investment, resolution of risk, and the role of affect
van Winden, Frans; Krawczyk, Michal; Hopfensitz, Astrid - 2010
This experimental study is concerned with the impact of the timing of the resolution of risk on people's willingness to take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only inferred from decisions regarding hypothetical choice...
Persistent link: https://www.econbiz.de/10010270644
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Prominent Numbers, Indices and Ratios in Exchange Rate Determination and Financial Crashes: in Economists’ Models, in the Field and in the Laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; von … - 2009
, the overall decision situation is ultra simple. It is so simple that: a) economists and psychologists can mechanically … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …
Persistent link: https://www.econbiz.de/10010274186