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and overconfidence in hard tasks) found in a large number of studies using non-incentivised self-reports. The latter …
Persistent link: https://www.econbiz.de/10011434351
information and the introduction of performance-based payoffs have an influence on judgement. Therefore, an experiment is designed … ; experiment …
Persistent link: https://www.econbiz.de/10008903836
This paper examines the influence of pre-experiment tasks on subject understanding. It used a 2x2 design varying the … type of instructions and whether or not the pre-experiment quiz was incentivized. The Standard instructions were written …-Media Learning literature, which aims to find ways to maximize subject understanding from instruction. After the pre-experiment …
Persistent link: https://www.econbiz.de/10012849403
. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
Persistent link: https://www.econbiz.de/10011994857
We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …
Persistent link: https://www.econbiz.de/10014055594
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
Kahneman and Tversky (1979) argued that risky decisions in high stakes environments can be informed using questionnaires with hypothetical choices. Yet results by Holt and Laury (2002) suggest that questionnaire responses and decisions in hypothetical and low monetary payoff environments do not...
Persistent link: https://www.econbiz.de/10010719274
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading … and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality … trait. In this paper we introduce a novel experimental design which allows us to track different measures of overconfidence …
Persistent link: https://www.econbiz.de/10012034133
bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and …
Persistent link: https://www.econbiz.de/10011444305
procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large …
Persistent link: https://www.econbiz.de/10010392403