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Social distancing and risk taking : evidence from a team game show
Bourgeon, Jean-Marc; Sousa, José de; Noir-Luhalwe, Alexis - 2022
social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh …
Persistent link: https://www.econbiz.de/10013440406
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Social Preferences and Economic Decision-Making in the Wake of COVID-19 : Experimental Evidence from China
Lohmann, Paul; Gsottbauer, Elisabeth; You, Jing; … - 2021
We systematically examine the acute impact of exposure to a public health crisis on multiple dimensions of economic decision making and social preferences using unique experimental panel data collected just before and immediately after the outbreak of COVID-19 in China. Exploiting the...
Persistent link: https://www.econbiz.de/10013228845
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Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …
Persistent link: https://www.econbiz.de/10011348343
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Decision Making Under Uncertainty : The Relation between Economic Preferences and Psychological Personality Traits
Schröder, David - 2020
Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while psychologists use personality traits to describe...
Persistent link: https://www.econbiz.de/10012851581
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Choice Attributes and Behavioral Errors in Decision Making Under Risk : An Empirical Evaluation
Hakim, Lukman - 2022
introduced. Finally, our results show that the estimation of risk parameter under Expected Utility Theory is robust across … alternative stochastic models, whereas the risk parameters estimation under Rank Dependent Utility Theory exhibits some …
Persistent link: https://www.econbiz.de/10013298472
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Intuitive versus contemplative : do entrepreneurs differ in their decision-making style from managers and employees?
Koudstaal, Martin; Sloof, Randolph; Praag, Mirjam van - 2017
We examine in a large survey (n = 1,928) how contemplative entrepreneurs, managers and employees are in their decision making styles. Besides two well-known subjective measures taken from psychology, we also build on Rubinstein (2016) by including two objective measures derived from response...
Persistent link: https://www.econbiz.de/10011739416
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From individual choices to the 4-eyes-principle : the big robber game revisited among financial professionals and students
Bachler, Sebastian; Holzknecht, Armando; Huber, Jürgen; … - 2024
While headline news frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations, Al'os-Ferrer et al. (2022) introduced the Big...
Persistent link: https://www.econbiz.de/10014507161
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When do reference points update? : a field analysis of the effect of prior gains and losses on risk-taking over time
Rüdisser, Maximilian; Flepp, Raphael; Franck, Egon - 2017
We study how temporal separations affect recurring decision-making under risk and thus ask when reference points update …. Using both experimental and panel data from a casino, we analyze how individual risk-taking behavior during a casino visit … depends on the outcomes of temporally separated prior visits. Our results show that small prior gains lead to more risk …
Persistent link: https://www.econbiz.de/10011772875
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Individual-level loss aversion in riskless and risky choices
Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas; … - 2007
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...
Persistent link: https://www.econbiz.de/10003502465
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Overcoming the Knowledge Problem in Behavioral Law and Economics : Uncertainty, Decision Theory, and Autonomy
Hacker, Philipp - 2017
risk and uncertainty have to enter the game. They can serve as analytic tools and generate positive solutions to the … uncertainty with the help of advanced empirical techniques. This prepares the ground for decision making under risk in an expected …
Persistent link: https://www.econbiz.de/10012971399