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Social anchor effects in decision-making under ambiguity

Lahno, Amrei M. - 2014

I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...

Persistent link: https://www.econbiz.de/10010364762

Aging, probability weighting, and reference point adoption : an experimental study

Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008

We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary … incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion …, probability weightings and reference point adoption of elderly and young groups. The results of our experiment indicate that the …

Persistent link: https://www.econbiz.de/10003757815

Menstrual cycle and competitive bidding

Pearson, Matthew; Schipper, Burkhard - 2009 - Rev.

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

Persistent link: https://www.econbiz.de/10003878997

Sex hormones and competitive bidding

Schipper, Burkhard - 2012

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...

Persistent link: https://www.econbiz.de/10009544159

Preference for randomization : empirical and experimental evidence

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2013

We investigate violations of consequentialism in the form of the stochastic dominance property. The property is shared by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. We run experiments...

Persistent link: https://www.econbiz.de/10009681824

A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions

Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008

We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors …

Persistent link: https://www.econbiz.de/10011377365

Racial differences in inequality aversion : evidence from real world respondents in the ultimatum game

Griffin, John David; Nickerson, David W.; Wozniak, … - 2011

The distinct historical and cultural experiences of American blacks and whites may influence whether members of those groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for equal treatment in the ultimatum game, where...

Persistent link: https://www.econbiz.de/10009233933

When is tit-for-tat unbeatable?

Dürsch, Peter; Oechssler, Joerg; Schipper, Burkhard - 2013 - Revised version

We characterize the class of symmetric two-player games in which tit-for-tat cannot be beaten even by very sophisticated opponents in a repeated game. It turns out to be the class of exact potential games. More generally, there is a class of simple imitation rules that includes tit-for-tat but...

Persistent link: https://www.econbiz.de/10009743040

Civic capital in two cultures : the nature of cooperation in Romania and USA

Ellingsen, Tore; Herrmann, Benedikt; Nowak, Martin A.; … - 2012 - This version: November 2012

We experimentally investigate the nature of cooperation in various repeated games, with subjects from Romania and USA. We find stark cross-country differences in the propensity to sustain multilateral cooperation through bilateral rewards and punishments. U.S. groups perform well because...

Persistent link: https://www.econbiz.de/10009688524

Delay of gratification and the role of defaults : an experiment with kindergarten children

Sutter, Matthias; Yilmaz, Levent; Oberauer, Manuela - 2015

. We study in an experiment with 336 kindergarten children, aged three to six years, whether intertemporal choice behavior …

Persistent link: https://www.econbiz.de/10011317627

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