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setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be … possible when carefully implementing RLIS. However, we also find low levels of ambiguity hedging across the board, suggesting … the existence of the hedging possibility does not necessarily represent a common problem in ambiguity experiments. …
Persistent link: https://www.econbiz.de/10011688287
individual choice. Many joint choices do not satisfy the Pareto principle. Overall, couples are more risk averse when making …
Persistent link: https://www.econbiz.de/10010319027
behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …
Persistent link: https://www.econbiz.de/10010293429
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010293923
We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states of nature (environmental uncertainty). In the social uncertainty treatments subjects depend only on past decisions of other humans. This is the first experiment that studies...
Persistent link: https://www.econbiz.de/10011419479
. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …, individual risk aversion has no effect on the decision to punish or reward. This is good news for lab experiments who abstract …
Persistent link: https://www.econbiz.de/10011422167
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 disentangles concerns for risk and inequality in a social risk context … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and …
Persistent link: https://www.econbiz.de/10010326431
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010334051
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010352109
We investigate the decision of experimental subjects to incur the risk of revealing personal private information to … in the laboratory. We show that individual decisions to incur privacy risk are correlated with decisions to incur … monetary risk. We find that partially depriving subjects of control over the revelation of their personal information does not …
Persistent link: https://www.econbiz.de/10011562001