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performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …
Persistent link: https://www.econbiz.de/10011377365
risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers … frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk …-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 …
Persistent link: https://www.econbiz.de/10009669833
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762
incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary …
Persistent link: https://www.econbiz.de/10003757815
; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …
Persistent link: https://www.econbiz.de/10003878997
We investigate whether depleting people's cognitive resources (or "willpower") affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted...
Persistent link: https://www.econbiz.de/10009793156
. Surprisingly, we have null findings for testosterone as well as estradiol and cortisol. Controlling for risk aversion does not … ; Gender ; Competition ; Aggression ; Dominance ; Risk-taking ; Endocrinological economics …
Persistent link: https://www.econbiz.de/10009544159
We propose and experimentally test two tractable methods to incentivize the elicitation of private information: Benchmark and Coordination. Both mechanisms capitalize on the false consensus effect, a well-documented phenomenon that follows Bayesian reasoning. That is, individuals use their own...
Persistent link: https://www.econbiz.de/10012103387
We perform a comparative analysis of five incentivized tasks used to elicit risk preferences. Theoretically, we compare … homogeneous population, we experimentally investigate the distribution of estimated risk preferences, whether they differ by … maximum likelihood. We find that the estimated risk aversion parameters vary greatly across tasks and that gender differences …
Persistent link: https://www.econbiz.de/10009706179
We perform a comparative analysis of five incentivized tasks used to elicit risk preferences. Theoretically, we compare … homogeneous population, we experimentally investigate the distribution of estimated risk preferences, whether they differ by … maximum likelihood. We find that the estimated risk aversion parameters vary greatly across tasks and that gender differences …
Persistent link: https://www.econbiz.de/10009738261