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(Sub) Optimality and (Non) Optimal Satisficing in Risky Decision Experiments
Di Cagno, Daniela - 2016
A risky choice experiment is based on one-dimensional choice variables and risk neutrality induced via binary lottery …
Persistent link: https://www.econbiz.de/10012981935
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Prices and portfolio choices in financial markets : theory, econometrics, experiments
Bossaerts, Peter L. (contributor);  … - 2007
Many tests of asset pricing models address only the pricing predictions - but these pricing predictions rest on portfolio choice predictions which seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices, based on unobserved heterogeneity. This approach...
Persistent link: https://www.econbiz.de/10003549745
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The Bull of Wall Street : Experimental Analysis of Testosterone and Asset Trading
Nadler, Amos - 2017
economic decision making, and is taken as a performance-enhancer among some financial professionals. This is the first …
Persistent link: https://www.econbiz.de/10012972194
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Teams Take the Better Risks
Kuon, Bettina; Mathauschek, Barbara; Sadrieh, Abdolkarim - 2000
principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals …Many important economic and political decisions are made by teams. In the economic literature, however, the decision … a team decision algorithm, excess-risk vetoing, that combines simple majority voting with the right to veto alternatives …
Persistent link: https://www.econbiz.de/10014182702
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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences
Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017
Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011758295
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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences
Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017
Prior laboratory experiments have studied general equilibrium economies constructed from \induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, \homegrown" preferences. Our subjects reveal their preferences...
Persistent link: https://www.econbiz.de/10011771668
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An Experimental Study on Disposition Effect : Psychological Biases, Trading Strategies, and Assets Holding Time
Risfandy, Tastaftiyan - 2014
. This existence of disposition effect is also supported by another experiment session showing that there is a holding time …
Persistent link: https://www.econbiz.de/10013058709
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
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The disposition effect when deciding on behalf of others
Hermann, Daniel; Mußhoff, Oliver; Rau, Holger A. - 2017
The disposition effect is a well-established phenomenon which describes the behavior of investors that are more willing to sell capital gains than capital losses. In this article we present experimental evidence on a situation where an investor decides on behalf of another person. In our...
Persistent link: https://www.econbiz.de/10011770595
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Overconfidence in investment decisions : an experimental approach
Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - 2001
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444