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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/10013103490
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
Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as … myopic loss aversion (MLA) and has been corroborated by many studies. Recent evidence has contested this notion indicating …
Persistent link: https://www.econbiz.de/10014512884
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 …
Persistent link: https://www.econbiz.de/10014163274
risk neutral level, regardless of the timing of loss. This violation of expected utility predictions could be explained by …
Persistent link: https://www.econbiz.de/10011867564
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