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This paper investigates whether contest schemes induce excessive risk-taking by implementing in the laboratory a novel stopping task based on the contest model of Seel and Strack (2013). In this stylized setting, managers who face contest payoffs have an incentive to delay halting projects with...
Persistent link: https://www.econbiz.de/10012826390
-taking decreases after a realized loss, using gambling data from a real casino. During a particular casino visit, losses are likely …In this paper, we test the realization effect, i.e., that risk-taking increases after a paper loss, whereas risk … casino customers leave the casino, the final account balance is realized. Using individual-level slot machine gambling …
Persistent link: https://www.econbiz.de/10012209223
loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …
Persistent link: https://www.econbiz.de/10014040558
loss aversion or by violations of the Reduction Axiom. We validate the BRET and test its robustness in a large … a higher loss rather than risk aversion …
Persistent link: https://www.econbiz.de/10014163274
loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …
Persistent link: https://www.econbiz.de/10013103490
This study measures the differences in ambiguity attitudes of groups and individuals in the gain and loss domain. We …
Persistent link: https://www.econbiz.de/10014431395
loss aversion or by violations of the Reduction Axiom. We validate the BRET and test its robustness in a large … a higher loss rather than risk aversion. -- Risk Aversion ; Loss Aversion ; Elicitation Method …
Persistent link: https://www.econbiz.de/10009681296
loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. -- Risk … Aversion ; Loss Aversion ; Elicitation method …
Persistent link: https://www.econbiz.de/10009567090
loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. -- risk … aversion ; loss aversion ; elicitation method …
Persistent link: https://www.econbiz.de/10009568710
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …
Persistent link: https://www.econbiz.de/10011405097