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Sonnemans, Joep; van Dijk, Frans - 2008

In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...

Persistent link: https://www.econbiz.de/10010325809

How do people cope with an ambiguous situation when it becomes even more ambiguous?

Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin - 2012

As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rather than with unknown probabilities, i.e., they are ambiguity averse. In an experiment, we examine subjects’ choices when there is an additional source of ambiguity, namely, when they do not know...

Persistent link: https://www.econbiz.de/10011422234

Oligopoly as a socially embedded dilemma: An experiment

Engel, Christoph; Zhurakhovska, Lilia - 2011

From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...

Persistent link: https://www.econbiz.de/10010281843

The Impact of Risk Perception and Risk Attitudes on Corrupt Behavior: Evidence from a Petty Corruption Experiment

Djawadi, Behnud Mir; Fahr, René - 2013

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

Persistent link: https://www.econbiz.de/10010319579

Valuation of self-insurance and self-protection under ambiguity: experimental evidence

Ozdemir, Ozlem - 2007

This experimental study, first, compares the individual valuations of two risk reduction mechanisms: self-insurance and … valuations when loss amounts are known. results confirm that there exists no "framing effect" due to the two risk reduction …

Persistent link: https://www.econbiz.de/10010263799

Social peferences under risk: experimental analysis

Bradler, Christiane - 2009

whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the … interrelation of risk and social preferences by measuring (1) individual risk preferences, (2) interpersonal risk preferences, and … (3) social preferences under certainty. The results reveal that a large share of subjects choose to accept more risk or …

Persistent link: https://www.econbiz.de/10010266645

Deciding to decide: gender, leadership and risk-taking in groups

Ertac, Seda; Gurdal, Mehmet Yigit - 2010

willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …

Persistent link: https://www.econbiz.de/10010274088

Social preferences under risk: an experimental analysis

Bradler, Christiane - 2009

Persistent link: https://www.econbiz.de/10010299505

Decision time and steps of reasoning in a competitive market entry game

Lindner, Florian - 2013

belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these …

Persistent link: https://www.econbiz.de/10010397176

Personality, Group Decision-Making and Leadership

Ertac, Seda; Gurdal, Mehmet Y. - 2012

This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …

Persistent link: https://www.econbiz.de/10010500224