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The role of emotions on risk preferences : an experimental analysis
Conte, Anna; Levati, M. Vittoria; Nardi, Chiara - 2013
In the last decades, there has been a large volume of research showing that emotions do have relevant effects on …
Persistent link: https://www.econbiz.de/10010252392
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Anxiety, overconfidence, and excessive risk taking
Eisenbach, Thomas M.; Schmalz, Martin C. - 2015
possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more …
Persistent link: https://www.econbiz.de/10010482950
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How do consumers choose health insurance? : an experiment on heterogeneity in attribute tastes and risk preferences
Kairies-Schwarz, Nadja; Kokot, Johanna; Vomhof, Markus; … - 2014
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers’ tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk preferences. First, subjects make consecutive insurance...
Persistent link: https://www.econbiz.de/10010461931
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Heterogeneity in health insurance choice : an experimental investigation of consumer choice and feature preferences
Hermanns, Benedicta; Kairies-Schwarz, Nadja; Kokot, Johanna - 2023
We investigate heterogeneity in patterns of preferences for health insurance features using health insurance choice data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based on choice sets that vary in composition and size. We keep...
Persistent link: https://www.econbiz.de/10014305687
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Causal Effects of Linguistic Uncertainty on Risk Perception and Investment Behavior
Theil, Kilian; Daube, Jens; Stuckenschmidt, Heiner - 2022
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception …
Persistent link: https://www.econbiz.de/10013307955
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Experiments on risk attitude : the case of Chinese students
Sasaki, Shunichiro; Xie, Shiyu; Ōtake, Fumio; Qin, Jie; … - 2006
This paper examines Chinese students’ risk attitude using buying and selling experiments with lotteries. We found that subjects were more risk averse in the buying experiment than in the selling experiment, suggesting the endowment effect. In the selling experiment, subjects were risk loving...
Persistent link: https://www.econbiz.de/10003339280
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Social peferences under risk : experimental analysis
Bradler, Christiane - 2009
The literature on social preferences provides overwhelming evidence of departures from pure self-interest of individuals. Experiments show that people care about others' well-being and their relative standing. This paper investigates whether this type of behavior persists when risk comes into...
Persistent link: https://www.econbiz.de/10003824191
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A parametric analysis of prospect theory's functionals for the general population
Booij, Adam S.; Praag, Bernard M. S. van; Kuilen, Gijs … - 2009
This paper presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the general public. The results confirm earlier findings in the...
Persistent link: https://www.econbiz.de/10003824984
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Social preferences under risk : an experimental analysis
Bradler, Christiane - 2009
The literature on social preferences provides overwhelming evidence of departures from pure self-interest of individuals. Experiments show that people care about others’ well-being and their relative standing. This paper investigates whether this type of behavior persists when risk comes into...
Persistent link: https://www.econbiz.de/10003903038
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Understanding the two components of risk attitudes : an experimental analysis
Qiu, Jianying; Steiger, Eva-Maria - 2009
Economics and management science share the tradition of ordering risk aversion by ï¬tting the best expected utility (EU) model with a certain utility function to individual data, and then using the utility curvature for each individual as the sole index of risk attitude. (Cumulative) Prospect...
Persistent link: https://www.econbiz.de/10003905733