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If the worst comes to the worst : dictator giving when recipientś endowments are risky
Engel, Christoph; Goerg, Sebastian J. - 2015
Donors may often not be sure whether a recipient really deserves their help. Does this uncertainty deter generosity? In … an experiment we find that, to the contrary, under most specifications of uncertainty, dictators give more, compared with … the donation the same dictator makes to a recipient they know to have the expected value of the endowment with certainty …
Persistent link: https://www.econbiz.de/10011349370
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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
, with either a negative externality on a third participant, uncertainty about gains from cooperation, or both. Uncertainty … foster cooperation. If we combine both qualifications and do not control for beliefs, we only find an uncertainty effect. If … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
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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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Risk Attitudes and Well-Being in Latin America
Cárdenas, Juan-Camilo - 2010
analyze the results of three treatments designed to better reflect common choices made under uncertainty, we see that these …
Persistent link: https://www.econbiz.de/10013136481
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Are People Really Risk Seeking for Losses?
Kontek, Krzysztof - 2009
This short paper demonstrates that the claim of Cumulative Prospect Theory (CPT) that people are risk seeking for loss prospects appears to be merely a result of using a specific form of the probability weighting function to estimate the power factor of the value function. Using experimental...
Persistent link: https://www.econbiz.de/10013153144
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Dynamics in Risk Taking with a Low-Probability Hazard
Royal, Andrew - 2016
The experiment reported in this paper identifies the effect of experience on revealed risk attitudes by examining “one-shot” insurance choices made by subjects faced with a low-probability risk and their choices when they are faced with repeated exposure to an identical risk. I find that...
Persistent link: https://www.econbiz.de/10012978485
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Blameable and Imperfect : A Study of Accountability and Risk-Taking
Pan, Xiaofei - 2018
Many economic agents, including CEOs, physicians, entrepreneurs, and political leaders are entrusted with decision-making authority. These economic agents act as trustees who make risky decisions, impacting their own welfare and that of their stakeholders. Stakeholders often demand measures to...
Persistent link: https://www.econbiz.de/10012923268
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Peer effects in risky choices among adolescents
Lucks, Konstantin E.; Lührmann, Melanie; Winter, Joachim - 2017
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
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Gambles with Prices, Operational Measure of Riskiness and Buying and Selling Price for Risky Lotteries
Lewandowski, Michał - 2012
In this paper I analyze operational measure of riskiness defi ned by Foster and Hart (2007). I give simple intuition behind their main result. Then I extend the concept of riskiness measure in two respects - I de fine a generalized riskiness measure based on decreasing absolute risk aversion...
Persistent link: https://www.econbiz.de/10014039652
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Classifying Behaviors in Risky Choices
Kontek, Krzysztof - 2010
This paper presents a nonparametric approach to classification of data from lottery experiments. Using very basic mathematical tools the paper endeavors to answer the questions: How to determine the "average" subject in a group? How to find a subject presenting the most similar behavior to a...
Persistent link: https://www.econbiz.de/10013141177