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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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Individual-level loss aversion in riskless and risky choices
Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas; … - 2007
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10003502465
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Individual-Level Loss Aversion in Riskless and Risky Choices
Gaechter, Simon; Johnson, Eric J.; Herrmann, Andreas - 2021
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10013316870
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Patient preferences and treatment thresholds under diagnostic risk : an economic laboratory experiment
Krieger, Miriam; Mayrhofer, Thomas - 2012
We study risk aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk … risk, medical decision theory predicts lower thresholds for risk-averse than risk-neutral decision makers. Given a …
Persistent link: https://www.econbiz.de/10009579277
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Safe options induce gender differences in risk attitudes
Crosetto, Paolo; Filippin, Antonio - 2017
Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are context dependent rather than ubiquitous. In this paper we try to rationalize the heterogeneity of results investigating experimentally whether the presence of a safe option among the...
Persistent link: https://www.econbiz.de/10011664425
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Measuring individual risk attitudes in the lab : task or ask? ; an empirical comparison
Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - 2014
This paper compares two prominent empirical measures of individual risk attitudes — the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) — with respect to (a) their within-subject stability over...
Persistent link: https://www.econbiz.de/10010247341
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Measuring individual risk attitudes in the lab : task or ask? ; an empirical comparison
Lönnqvist, Jan-Erik; Verkasalo, Markku; Walkowitz, Gari; … - 2014
This paper compares two prominent empirical measures of individual risk attitudes - the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) - with respect to (a) their within-subject stability over time...
Persistent link: https://www.econbiz.de/10010250131
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Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey
Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - 2005
the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …
Persistent link: https://www.econbiz.de/10010260868
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Individual risk attitudes : new evidence from a large, representative, experimentally-validated survey
Dohmen, Thomas (contributor) - 2005
the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative … stability ; experimental validation ; fiel experiment ; SOEP ; gender differences ; age ; height ; subjective well-being …
Persistent link: https://www.econbiz.de/10003085747
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Comparison of the investment behavior of German and Kazahkhstani farmers : an experimental approach
Tubetov, Dulat; Maart-Nölck, Syster Christin; … - 2012
Kazakhstan and Germany have different development levels of the agricultural sectors. One of the explanations for this fact might be the different investment behavior of farmers in the two countries. We experimentally analyze whether the investment behavior of farmers is consistent with the...
Persistent link: https://www.econbiz.de/10010235148