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Which measures predict risk taking in a multi-stage controlled decision process?
Bachmann, Kremena; Hens, Thorsten; Stössel, Remo - 2017
We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions after receiving outcome information on previous decisions....
Persistent link: https://www.econbiz.de/10011874728
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The effect of straight-line and accelerated depreciation rules on risky investment decisions : an experimental study
Ackermann, Hagen; Fochmann, Martin - 2014
purpose, we conduct a laboratory experiment in which participants decide on the composition of an asset portfolio in different …
Persistent link: https://www.econbiz.de/10010344890
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Locus of control and consistent investment choices
Pinger, Pia; Schäfer, Sebastian; Schumacher, Heiner - 2018
outcomes. Our evidence is based on an experiment in which subjects repeatedly invest in two identical, uncorrelated, risky …
Persistent link: https://www.econbiz.de/10011865329
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Risk Attitude and Market Behavior : Evidence from Experimental Asset Markets
Fellner-Röhling, Gerlinde; Maciejovsky, Boris - 2003
In this paper we relate individual risk attitude as elicited by binary lotteries and certainty equivalents to market behavior. By analyzing 26 independent markets with a total of 280 participants we show that binary lottery choices and certainty equivalents are poorly correlated. Only lottery...
Persistent link: https://www.econbiz.de/10014087733
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Anxiety, overconfidence, and excessive risk taking
Eisenbach, Thomas M.; Schmalz, Martin C. - 2015
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more risk-averse to imminent than to distant...
Persistent link: https://www.econbiz.de/10010482950
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Incentive contracts when agents distort probabilities
Gonzalez Jimenez, Victor H. - In: Quantitative economics : QE ; journal of the … 15 (2024) 3, pp. 607-653
optimal. A theoretical framework and an experiment demonstrate that stochastic contracts implemented with small probabilities …
Persistent link: https://www.econbiz.de/10015053193
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Risk-sorting and preference for team piece rates
Bäker, Agnes; Mertins, Vanessa - 2012
; Experiment ; Free-riding ; Risk diversification …
Persistent link: https://www.econbiz.de/10009658601
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Higher-order risk preferences in social settings : an experimental analysis
Heinrich, Timo; Mayrhofer, Thomas - 2014
We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their own pay-off. Yet,...
Persistent link: https://www.econbiz.de/10010417190
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Does exposure to unawareness affect risk preferences? : a preliminary result
Ma, Wenjun; Schipper, Burkhard - 2016
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …
Persistent link: https://www.econbiz.de/10011478981
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Insurance Demand for Disaster-Type Risks and the Separation of Attitudes Toward Risk and Ambiguity : An Experimental Study
Marielle, Brunette - 2011
This article presents the results of an experiment designed to test theoretical predictions about the impact of public … compensation programs. For example, results from our experiment confirm the prediction that the WTP for insurance is smaller under … results on the impact of ambiguity on insurance demand for low probability risks. Lastly, our experiment provides a clear …
Persistent link: https://www.econbiz.de/10013127788