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Asset integration, risk taking and loss aversion in the laboratory
Morrison, William G.; Oxoby, Robert J. - 2019
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion, utilizing an asset integration protocol designed to ensure that a loss of cash provided by the experimenter is viewed as a real loss by experimental participants. Our experimental...
Persistent link: https://www.econbiz.de/10011997618
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Chapter 4. Assessment and Estimation of Risk Preferences
Holt, Charles A.; Laury, Susan K. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 135-201). 2014
laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between …
Persistent link: https://www.econbiz.de/10014025528
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The heritability of economic preferences
Kettlewell, Nathan; Tymula, Agnieszka; Hong il Yoo - 2023
We study the heritability of risk, uncertainty, and time preferences using a field experiment with a large sample of adult twins. We also offer a meta-analysis of existing findings. Our field study introduces a novel empirical approach that marries behavioral genetics with structural...
Persistent link: https://www.econbiz.de/10014437546
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Mistakes, closure and endowment effect in laboratory experiments
Ratan, Anmol - 2012
In this paper, we relax the hard closure property of experiments that have been used to study endowment effect in … careful interpretation of experiments that suggest endowment effectʺ in laboratory conditions. Other implications pertain to … external validity of experiments with hard closure. prospect-theory ; endowment effect ; reference-dependence ; loss aversion …
Persistent link: https://www.econbiz.de/10009559236
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Aspirations, Prospect Theory and Entrepreneurship : Evidence from Colombia
Bogliacino, Francesco - 2015
In this article we test the main hypotheses of the behavioural theory of entrepreneurship, namely that risk preferences are reference-dependent, that entrepreneurs are not ambiguity-averse and that aspirations act as a reference point in the sense postulated by Prospect Theory. We use an...
Persistent link: https://www.econbiz.de/10013025392
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Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous …
Persistent link: https://www.econbiz.de/10011348343
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Local status and prospect theory
Harbaugh, Rick; Kornienko, Tatiana - 2001
People are sometimes risk-averse in gains but risk-loving in losses. Such behavior and other anomalies underlying prospect theory arise from a model of local status maximization in which consumers compare their wealth with other consumers of similar wealth. This social explanation shares key...
Persistent link: https://www.econbiz.de/10011566619
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Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory
Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown …
Persistent link: https://www.econbiz.de/10009792472
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Sex hormones and choice under risk
Schipper, Burkhard - 2014
We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of hormonal contraceptives, menstrual cycle information, salivary testosterone, estradiol, progesterone, and cortisol as well as the digit ratio (2D:4D) in more than 200 subjects. In...
Persistent link: https://www.econbiz.de/10010255048
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Female babies and risk-aversion
Pogrebna, Ganna; Oswald, Andrew J.; Haig, David - 2017
Being told the sex of your unborn child is a major exogenous 'shock'. In the first study of its kind, we collect before-and-after data from hospital wards. We test for the causal effects of learning child gender upon people's degree of risk-aversion. Using a standard Holt-Laury criterion, the...
Persistent link: https://www.econbiz.de/10011641647