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If the Worst Comes to the Worst. Dictator Giving When Recipient's Endowments are Risky
Engel, Christoph - 2015
Donors may often not be sure whether a recipient really deserves their help. Does this uncertainty deter generosity? In … an experiment we find that, to the contrary, under most specifications of uncertainty, dictators give more, compared with … the donation the same dictator makes to a recipient they know to have the expected value of the endowment with certainty …
Persistent link: https://www.econbiz.de/10013013735
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Buying and selling risk : an experiment investigating evaluation asymmetries
Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2013
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010252391
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Are People Really Risk Seeking for Losses?
Kontek, Krzysztof - 2009
This short paper demonstrates that the claim of Cumulative Prospect Theory (CPT) that people are risk seeking for loss prospects appears to be merely a result of using a specific form of the probability weighting function to estimate the power factor of the value function. Using experimental...
Persistent link: https://www.econbiz.de/10013153144
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Dynamics in Risk Taking with a Low-Probability Hazard
Royal, Andrew - 2016
The experiment reported in this paper identifies the effect of experience on revealed risk attitudes by examining “one-shot” insurance choices made by subjects faced with a low-probability risk and their choices when they are faced with repeated exposure to an identical risk. I find that...
Persistent link: https://www.econbiz.de/10012978485
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Blameable and Imperfect : A Study of Accountability and Risk-Taking
Pan, Xiaofei - 2018
Many economic agents, including CEOs, physicians, entrepreneurs, and political leaders are entrusted with decision-making authority. These economic agents act as trustees who make risky decisions, impacting their own welfare and that of their stakeholders. Stakeholders often demand measures to...
Persistent link: https://www.econbiz.de/10012923268
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Intuition and reasoning in choosing ambiguous and risky lotteries
Bergheim, Ralf; Roos, Michael W. M. - 2013
This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a novel experimental design which may help to tackle open questions from a fresh perspective. Instead of giving subjects the choice between risky and ambiguous Ellsberg urns, we let...
Persistent link: https://www.econbiz.de/10010188142
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Gambles with Prices, Operational Measure of Riskiness and Buying and Selling Price for Risky Lotteries
Lewandowski, Michał - 2012
In this paper I analyze operational measure of riskiness defi ned by Foster and Hart (2007). I give simple intuition behind their main result. Then I extend the concept of riskiness measure in two respects - I de fine a generalized riskiness measure based on decreasing absolute risk aversion...
Persistent link: https://www.econbiz.de/10014039652
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Giving versus taking : a "real donation" comparison of warm glow and cold prickle in a context-rich environment
Grossman, Philip Johnson; Eckel, Catherine C. - 2012
This paper revisits the question of framing and the provision of public goods. It also addresses the question, is giving in Dictator Games an expression of altruism or an artefact of experimentation? What is unique about this paper is that we employ a real donationʺ lab experiment in a...
Persistent link: https://www.econbiz.de/10009559239
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Donations, risk attitudes and time preferences : a study on altruism in primary school children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2015
We present experimental evidence from a bilingual city in Northern Italy on whether the language spoken by a partner in a prisoner's dilemma game affects behavior and leads to discrimination. Running a framed field experiment with 828 six- to eleven-year old primary school children in the city...
Persistent link: https://www.econbiz.de/10010529903
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Donations, risk attitudes and time preferences : a study on altruism in primary school children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2014
We study with a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation …
Persistent link: https://www.econbiz.de/10010257602