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It’s Not My Money : An Experiment on Risk Aversion and the House-Money Effect
Martinez, Luis R. - 2010
experiment with 66 students to measure the house-money effect on their risk preferences. They received an amount of money with … group got it the day of the experiment. We find that, when facing possible losses, people in the treatment group showed a … behave according to expected-utility theory, the risk-attitude adjustment corresponds to an average increase of 1 in their …
Persistent link: https://www.econbiz.de/10013147749
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Strategies, heuristics, and the relevance of risk-aversion in a dynamic decision problem
Müller, Wieland - In: Journal of economic psychology : research in economic … 22 (2001) 4, pp. 493-522
Persistent link: https://www.econbiz.de/10001600571
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Tax compliance under tax regime changes
Heinemann, Friedrich; Kocher, Martin - 2010
In this paper we focus on the compliance effects of tax regime changes. According to the economic model of tax evasion, a tax reform should affect compliance through its impact on tax rates and incentives. Our findings demonstrate the importance of at least two further effects not covered by the...
Persistent link: https://www.econbiz.de/10003952111
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Tax compliance under tax regime changes
Heinemann, Friedrich; Kocher, Martin G. - 2010
In this paper we focus on the compliance effects of tax regime changes. According to the economic model of tax evasion, a tax reform should affect compliance through its impact on tax rates and incentives. Our findings demonstrate the importance of at least two further effects not covered by the...
Persistent link: https://www.econbiz.de/10010300014
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Tax compliance under tax regime changes
Heinemann, Friedrich; Kocher, Martin G. - 2010
In this paper we focus on the compliance effects of tax regime changes. According to the economic model of tax evasion, a tax reform should affect compliance through its impact on tax rates and incentives. Our findings demonstrate the importance of at least two further effects not covered by the...
Persistent link: https://www.econbiz.de/10010427562
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Tax compliance under tax regime changes
Heinemann, Friedrich; Kocher, Martin - 2010
regime. -- tax reforms ; tax compliance ; experiment …
Persistent link: https://www.econbiz.de/10003951067
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Incentives for subjects in internet experiments
Dürsch, Peter (contributor); Oechssler, Joerg (contributor) - 2008
Internet experiments are a new and convenient way for reaching a large subject pool. Yet, providing incentives to subjects can be a tricky design issue. One cost effective and simple method is the publication of a high score (as in computer games). We test whether a high score provides adequate...
Persistent link: https://www.econbiz.de/10003728060
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Tax Compliance Under Tax Regime Changes
Heinemann, Friedrich; Kocher, Martin G. - 2010
change in a laboratory experiment. More specifically, experimental subjects face one tax regime for a certain commonly known …. However, our experiment features two further interesting aspects: First, we let our participants choose between the two tax … regimes that they encounter during the experiment after they have experienced both regimes. Second, an innovative feature …
Persistent link: https://www.econbiz.de/10014196144
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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 … risk, medical decision theory predicts lower thresholds for risk-averse than risk-neutral decision makers. Given a … aversion ; prudence ; laboratory experiment …
Persistent link: https://www.econbiz.de/10009579277
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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