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We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe option and a binary risk of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives...
Persistent link: https://www.econbiz.de/10014486803
In this paper I analyze a dynamic moral hazard problem in teams with imperfect monitoring in continuous time. In the model, players are working together to achieve a breakthrough in a project while facing a deadline. The effort needed to achieve such a breakthrough is unknown but players have a...
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by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …
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processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …
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Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one’s situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives...
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This paper investigates how subjects determine minimum selling prices for lotteries. We design an experiment where …
Persistent link: https://www.econbiz.de/10014206381
. We check our theoretical predictions through a 10-task laboratory experiment. In (unambiguous) tasks 1-5, we elicit risk …
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