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show a bias towards assets with a familiar or homeland label, the model does not hold. This misdiversification against the …
Persistent link: https://www.econbiz.de/10010340322
investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …
Persistent link: https://www.econbiz.de/10011416914
Persistent link: https://www.econbiz.de/10011901001
We experimentally investigate the memory recall bias of overconfident (underconfident) individuals after receiving …). Second, awareness of one's overconfidence or underconfidence does not eliminate memory recall bias. Third, the primacy effect … is stronger than the recency effect. Overall, our results suggest that memory recall bias is mainly due to motivated …
Persistent link: https://www.econbiz.de/10013252749
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010365910
Persistent link: https://www.econbiz.de/10012321726
This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is uncertain than when it is certain. Our design includes three treatments: Baseline in which the one-shot prisoner’s dilemma game is played; Certain Punishment in which the...
Persistent link: https://www.econbiz.de/10003863017
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10009772925
reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale … individuelle Risikoaversion und die Einstellung zu Ambiguität einen signifikanten Einfluss auf die Informationsnachfrage haben …
Persistent link: https://www.econbiz.de/10010357825
The theory of compensating differentials has proven difficult to test with observational data: the consequences of selection, unobserved firm and worker characteristics, and the broader macroeconomic environment complicate most analyses. Instead, we construct experimental, real-effort labor...
Persistent link: https://www.econbiz.de/10010477537