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deplete cognitive resources and willpower and thus reduce individuals' ability to exert self-control. In a lab experiment we … of willpower. We find that subjects in the Conflict treatment perform significantly worse than those in NoConflict. This …
Persistent link: https://www.econbiz.de/10010436516
Using an experiment with material incentives, this paper investigates the violation of Lorenz relations in the case of … 2 × 2 × 2 experimental design, allows us to investigate the response-mode (rating versus valuation) and framing … Lorenz relations, whereas the valuations violate them. The framing effect is significant only for the Spanish data. For this …
Persistent link: https://www.econbiz.de/10010296241
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010235856
controlled laboratory experiment. Participants make consecutive insurance choices based on choice sets that vary in composition …
Persistent link: https://www.econbiz.de/10014356517
data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based …
Persistent link: https://www.econbiz.de/10014305687
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10013060138
The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same … experiment. Our analysis complements and extends Hey (2001) who analyzes for each subject the fit of several preference …
Persistent link: https://www.econbiz.de/10010486756
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...
Persistent link: https://www.econbiz.de/10011295782
To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly elicit ambiguity attitudes towards multiple 3-color Ellsberg...
Persistent link: https://www.econbiz.de/10010207919
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which...
Persistent link: https://www.econbiz.de/10010296263