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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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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
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Do plants freeze upon uncertainty shocks?
Mecikovsky, Ariel M.; Meier, Matthias - 2014 - Preprint, This version: August 28, 2014, (Preliminary version)
Following the real option literature, whether or not uncertainty shocks drive business cycles depends on the degree of adjustment frictions. The more plants freeze and remain inactive in response to increased uncertainty, the stronger the adverse effects on the economic activity. Using quarterly...
Persistent link: https://www.econbiz.de/10010399958
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Starting an R&D Project Under Uncertainty
Luttens, Roland Iwan - 2009
We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10013159738
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The French nuclear bet
Perrier, Quentin - 2017
Following the first oil crisis, France launched the world’s largest ever nuclear energy program, commissioning 58 new reactors. These reactors are now reaching 40 years of age, the end of their technological lifetime. This places France at an energy policy crossroads: should the reactors be...
Persistent link: https://www.econbiz.de/10011643870
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Experimental studies on corruption and reciprocity
Abbink, Klaus - 2000
Persistent link: https://www.econbiz.de/10001482234
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Theoretical and microeconometric perspectives on insurance and international economics
Kesternich, Iris - 2010
Persistent link: https://www.econbiz.de/10008856740
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Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
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Confidence and career choices : an experiment
Barron, Kai; Gravert, Christina - 2020 - 2nd revision June 2020
stylized laboratory experiment to investigate the causal effect of an increase in confidence on two important choices made by …
Persistent link: https://www.econbiz.de/10012238957
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Gender differences in willingness to compete : the role of public observability
Buser, Thomas; Ranehill, Eva; Veldhuizen, Roel van - 2017
gap. We test this prediction using a laboratory experiment that varies whether the decision to compete, and its outcome …
Persistent link: https://www.econbiz.de/10011668546