Showing 1 - 10 of 308
Persistent link: https://www.econbiz.de/10011382875
Willingness to take risk depends on whether the risk affects others as well as oneself and on how the risk affects oneś position vis-á-vis others. Taking a bet can improve oneś position relative to others or threaten it. We present an experiment that explores individual attitudes to lotteries...
Persistent link: https://www.econbiz.de/10009784058
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown …
Persistent link: https://www.econbiz.de/10009792472
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10009568710
experiments and survey questions. We find a high degree of aggregate consistency across elicitation methods, but large … laboratory experiments is unfeasible. …
Persistent link: https://www.econbiz.de/10010490651
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10009567090
individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet …, laboratory experiments are costly, time-consuming and require substantial administrative effort. This study develops an … laboratory experiments is impractical. This toolkit may have wide applications, including end-of-session lab questionnaires …
Persistent link: https://www.econbiz.de/10012903999
Persistent link: https://www.econbiz.de/10012867028
Persistent link: https://www.econbiz.de/10010241013
; theories of affect predict the reverse. In field and lab experiments, we allow people to donate from lottery winnings, varying …
Persistent link: https://www.econbiz.de/10011346238