Showing 1 - 10 of 2,577
oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …
Persistent link: https://www.econbiz.de/10010519127
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute … asset, the other with two risky assets. Overconfidence increases (i) with the absolute deviation from optimal choices, (ii …
Persistent link: https://www.econbiz.de/10011408444
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …
Persistent link: https://www.econbiz.de/10013257953
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745
This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data … average, are less likely than men to overestimate their ability. This result is robust to different measures of overconfidence … overconfidence. In terms of performance, results suggest that women suffer more from overconfidence than men. …
Persistent link: https://www.econbiz.de/10012295922
This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data … average, are less likely than men to overestimate their ability. This result is robust to different measures of overconfidence … overconfidence. In terms of performance, results suggest that women suffer more from overconfidence than men. …
Persistent link: https://www.econbiz.de/10012435516
In this paper we propose a version of a game-theoretic problem known as the Newcomb's Paradox. The version offers possibilities for an experimental investigation. Such experiments would make use of future generation of 'lie detectors' based directly on human brain activity, like fMRI and EEG. We...
Persistent link: https://www.econbiz.de/10012731534
On the basis of problems related to asymmetric information, self-governance has been proposed and often empirically found to be superior to the external imposition of rules in social dilemma situations. The present paper suggests and experimentally analyses a different line of argument, namely...
Persistent link: https://www.econbiz.de/10011582482
problem as well as in a real payoff money-burning experiment that can inform our understanding of moral preferences and …
Persistent link: https://www.econbiz.de/10012915721
On the basis of problems related to asymmetric information, self-governance has been proposed and often empirically found to be superior to the external imposition of rules in social dilemma situations. The present paper suggests and experimentally analyses a different line of argument, namely...
Persistent link: https://www.econbiz.de/10014074779