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Joint measurement of risk aversion, prudence, and temperance

Ebert, Sebastian; Wiesen, Daniel - In: Journal of Risk and Uncertainty 48 (2014) 3, pp. 231-252

temperance. Our theoretical approach is to define risk compensations of different orders, and in an experiment we elicit these …. In contrast to commonly used utility functions, prospect theory can predict this behavioral pattern. In our experiment …

Persistent link: https://www.econbiz.de/10010987807

Can Rationing Rules for Common Resources Impact Self-insurance Decisions?

Lefebvre, Marianne - In: Strategic Behavior and the Environment 3 (2013) 3, pp. 185-222

using a laboratory experiment. According to Nash predictions, the investment in self-insurance is the same with the four …

Persistent link: https://www.econbiz.de/10010990803

Gender Differences in Risk Preferences and Stereotypes: Experimental Evidence from a Matrilineal and a Patrilineal Society

Pondorfer, Andreas; Mahmoud, Toman Omar; Rehdanz, Katrin; … - Institut für Weltwirtschaft (IfW) - 2014

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …

Persistent link: https://www.econbiz.de/10010905566

Higher-order Risk Preferences in Social Settings - An Experimental Analysis

Heinrich, Timo; Mayrhofer, Thomas - Rheinisch-Westfälisches Institut für … - 2014

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their own pay-off. Yet,...

Persistent link: https://www.econbiz.de/10010934833

The role of emotions on risk aversion: A Prospect Theory experiment

Campos-Vazquez, Raymundo M.; Cuilty, Emilio - In: Journal of Behavioral and Experimental Economics … 50 (2014) C, pp. 1-9

This study measures risk and loss aversion using Prospect Theory and examines the impact of emotions on these parameters. Students’ emotions were manipulated using information on rising deaths due to drug violence in Mexico and youth unemployment and Tanaka et al. (2010) methodology was...

Persistent link: https://www.econbiz.de/10011220527

Room Effects

Castillo, Marco; Leo, Gregory; Petrie, Ragan - Interdisciplinary Center for Economic Science (ICES), … - 2013

We present clean evidence of a direct social context effect on behavior in a laboratory experiment: the gender …

Persistent link: https://www.econbiz.de/10011266049

Reference Points and Effort Provision

Abeler, Johannes; Falk, Armin; Goette, Lorenz; Huffman, … - Institute for the Study of Labor (IZA) - 2009

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

Persistent link: https://www.econbiz.de/10005078575

Risk Aversion and Tacit Collusion in a Bertrand Duopoly Experiment

Anderson, Lisa R.; Freeborn, Beth A.; Hulbert, Jason P. - Department of Economics, College of William & Mary - 2009

We investigate the relationship between collusive behavior in Bertrand oligopoly experiments and subject heterogeneity in risk preferences. We find that risk aversion is positively associated with tacit collusion when the goods are complements, but find no evidence of collusive behavior when the...

Persistent link: https://www.econbiz.de/10005258484

Forecasting Risk Attitudes: An Experimental Study Using Actual and Forecast Gamble Choices

grossman, philip j.; Eckel, Catherine C. - Department of Econometrics and Business Statistics, … - 2008

to guess which of the five gambles each of the other subjects chose, and is paid for correct guesses. The experiment is …

Persistent link: https://www.econbiz.de/10010545632

How sensitive are bargaining outcomes to changes in disagreement payoffs?

Anbarci, Nejat; Feltovich, Nick - Department of Econometrics and Business Statistics, … - 2011

We use a human–subjects experiment to investigate how bargaining outcomes are affected by changes in bargainers …

Persistent link: https://www.econbiz.de/10009394007

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