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Decision time and steps of reasoning in a competitive market entry game
Lindner, Florian - 2013
Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...
Persistent link: https://www.econbiz.de/10010397176
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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
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If the worst comes to the worst : dictator giving when recipientś endowments are risky
Engel, Christoph; Goerg, Sebastian J. - 2015
an experiment we find that, to the contrary, under most specifications of uncertainty, dictators give more, compared with …
Persistent link: https://www.econbiz.de/10011349370
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Decision time and steps of reasoning in a competitive market entry game
Lindner, Florian - 2013 - This version: 22 July 2013
Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...
Persistent link: https://www.econbiz.de/10009774194
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Measuring risk aversion and the wealth effect
Heinemann, Frank - 2005
aversion (CRRA). Using the data from a recent experiment by Holt and Laury (2002), it is shown that most subjects' behavior is … experiment. Within-subject data do not allow discriminating between the two hypotheses. Using between-subject data, maximum …
Persistent link: https://www.econbiz.de/10010374868
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Social preferences under risk : the role of social distance
Montinari, Natalia; Rancan, Michaela - 2013
In many different contexts individuals take decisions on the behalf of others. However, little is known about how this circumstance affects the decision making process and influences the ultimate individuals ́choices. In this paper, we focus on the context of investment decisions and study if...
Persistent link: https://www.econbiz.de/10010252387
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Buying and selling risk : an experiment investigating evaluation asymmetries
Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2013
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010252391
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Gender wage gaps and risky vs. secure employment : an experimental analysis
Jung, Seeun; Choe, Chung; Oaxaca, Ronald L. - 2016
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of exposure to unemployment) and a secure job after...
Persistent link: https://www.econbiz.de/10011521155
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Social preferences under risk : minimizing collective risk vs. reducing ex-post inequality
Gaudeul, Alexia - 2016
We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
Persistent link: https://www.econbiz.de/10011476573
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Insurance Demand for Disaster-Type Risks and the Separation of Attitudes Toward Risk and Ambiguity : An Experimental Study
Marielle, Brunette - 2011
This article presents the results of an experiment designed to test theoretical predictions about the impact of public … compensation programs. For example, results from our experiment confirm the prediction that the WTP for insurance is smaller under … results on the impact of ambiguity on insurance demand for low probability risks. Lastly, our experiment provides a clear …
Persistent link: https://www.econbiz.de/10013127788