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susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that … of contexts. In this study, we extend the willpower depletion paradigm to framing effects and argue that willpower … depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …
Persistent link: https://www.econbiz.de/10009793156
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10003878997
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby …
Persistent link: https://www.econbiz.de/10010393298
We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary …, 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
We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the …-neutrality (from 50.0% to 29.3%). Risk aversion accounts for 3/4 of this effect, prudence for 1/4. Medical decision framing does not … Aversion ; Prudence ; Laboratory Experiment …
Persistent link: https://www.econbiz.de/10009669833
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
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
revealing the subject's privately held information. In an experiment, we apply the mechanisms to reveal beliefs about …
Persistent link: https://www.econbiz.de/10012103387
appear only when the task is more likely to trigger loss aversion. -- elicitation methods ; experiment ; risk attitudes …
Persistent link: https://www.econbiz.de/10009706179
appear only when the task is more likely to trigger loss aversion. -- Risk attitudes ; Elicitation methods ; Experiment …
Persistent link: https://www.econbiz.de/10009738261