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Persistent link: https://www.econbiz.de/10013209498
increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that …
Persistent link: https://www.econbiz.de/10013083023
This paper examines the distributional impact of increases to out-of-work transfers, increases to work-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by standard snapshot analyses, increases to...
Persistent link: https://www.econbiz.de/10011718891
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
Persistent link: https://www.econbiz.de/10012285502
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception … uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing …
Persistent link: https://www.econbiz.de/10013307955
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …
Persistent link: https://www.econbiz.de/10011737091
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010371298
We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …
Persistent link: https://www.econbiz.de/10013132029
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …
Persistent link: https://www.econbiz.de/10014179096