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Cognitive Imprecision and Stake-Dependent Risk Attitudes

Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2022

In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …

Persistent link: https://www.econbiz.de/10014077011

It’s Not My Money : An Experiment on Risk Aversion and the House-Money Effect

Martinez, Luis R. - 2010

experiment with 66 students to measure the house-money effect on their risk preferences. They received an amount of money with … group got it the day of the experiment. We find that, when facing possible losses, people in the treatment group showed a …

Persistent link: https://www.econbiz.de/10013147749

Discriminating between models of ambiguity attitude : a qualitative test

Cubitt, Robin P.; Kuilen, Gijs van de; Mukerji, Sujoy - 2017

to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …

Persistent link: https://www.econbiz.de/10011756091

Does self-control depletion affect risk attitudes?

Gerhardt, Holger; Schildberg-Hörisch, Hannah; … - 2015

within a particular range. We test the hypotheses in a lab experiment with a large number of subjects (N = 308), using a well …

Persistent link: https://www.econbiz.de/10011449223

Behavioral Patterns and Reduction of Sub-Optimality : An Experimental Choice Analysis

Di Cagno, Daniela - 2017

This paper attempts to identify behavioral patterns and compare their average success considering several criteria of bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how individual participants respond to 15 randomly...

Persistent link: https://www.econbiz.de/10012945510

Lossed in Translation : An Off-the-Shelf Method to Recover Probabilistic Beliefs from Loss-Averse Agents

Offerman, Theo; Palley, Asa - 2015

to report true beliefs. In an experiment, we demonstrate the effectiveness of this modification in both eliminating …

Persistent link: https://www.econbiz.de/10014151811

When Underconfident Behavior is Norm : Some Experimental Evidences from the Calibration Analysis

Fajfar, Pablo Francisco; Gurman, Natacha - 2009

The over/underconfidence behavior has been explained as a bias of the cognitive process in the decision maker. Such bias has been mainly justified by the difficulty of the task or the problem to decide upon. It’s the so called 'hard-easy effect' (Lichtenstein and Fischhoff, 1977). In this...

Persistent link: https://www.econbiz.de/10014204693

Testing Models of Belief Bias : An Experiment

Coutts, Alexander - 2019

experiment exploits the potential of the increasingly popular BDM elicitation procedure adopted to lotteries to distort beliefs …

Persistent link: https://www.econbiz.de/10012904062

Classifying Behaviors in Risky Choices

Kontek, Krzysztof - 2010

This paper presents a nonparametric approach to classification of data from lottery experiments. Using very basic mathematical tools the paper endeavors to answer the questions: How to determine the "average" subject in a group? How to find a subject presenting the most similar behavior to a...

Persistent link: https://www.econbiz.de/10013141177

Information and Competition Entry

Ewers, Mara - 2012

experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …

Persistent link: https://www.econbiz.de/10013108628