Similar Search Results

Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison

Wichardt, Philipp C.; Lönnqvist, Jan-Erik; Verkasalo, … - 2010

respect to (a) their correlation with actual risk-taking behaviour in the lab - here the amount sent in a trust game, and (b … actual risk-taking behaviour (both studies) and with the Big Five personality measure (gathered prior to study 1); and the … eliciting individual risk attitudes than the lottery-choice task. Moreover, with respect to trust, the data further support the …

Persistent link: https://www.econbiz.de/10010270205

The Empire Is Dead, Long Live the Empire! Values and Human Interactions 90 Years after the Fall of the Habsburg Empire

Becker, Sascha O.; Boeckh, Katrin; Hainz, Christa; … - 2010

increases current social capital and trust and reduces corruption in several public services. Past formal institutions can leave …

Persistent link: https://www.econbiz.de/10010270152

Policy Incentives and Determinants of Citizens' COVID-19 Vaccination Motives

Keser, Claudia; Rau, Holger A. - 2022

Persistent link: https://www.econbiz.de/10013359254

Patient Preferences and Treatment Thresholds under Diagnostic Risk: An Economic Laboratory Experiment

Mayrhofer, Thomas; Krieger, Miriam - 2012

We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk preferences are assessed through treatment...

Persistent link: https://www.econbiz.de/10010310099

The impact of risk perception and risk attitudes on corrupt behavior: Evidence from a petty corruption experiment

Fahr, René; Djawadi, Behnud Mir - 2012

We investigate one possible explanation for corrupt behavior namely that individual decision makers who engage frequently in illegal actions might underestimate the overall probability of being caught. This might be in particular true for petty corruption where small amounts of bribes are...

Persistent link: https://www.econbiz.de/10010310704

Endogenous Prospect Theory

Schmidt, Ulrich; Zank, Horst - 2010

In previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the location of the reference point is exogenously determined. This paper provides an axiomatization of a new specification of cumulative prospect theory, termed endogenous prospect...

Persistent link: https://www.econbiz.de/10010314358

A Note on Measuring Risk Aversion

Maier, Johannes; Rüger, Maximilian - 2010

In this paper we propose a new method to elicit the intensity of individual's risk preferences. Our method uses a simple multiple price-list format and is based on the increasing risk definitions of Rothschild and Stiglitz (1970, 1971). We are thus able to classify individuals as more or less...

Persistent link: https://www.econbiz.de/10010270249

The St. Petersburg Paradox despite risk-seeking preferences. An experimental study

Kroll, Eike Benjamin; Vogt, Bodo - 2010

The St. Petersburg Paradox is one of the oldest violations of expected utility theory. Thus far, explanations of the paradox aim at small probabilities being perceived as zero and the boundedness of utility. This paper provides experimental results showing that neither risk attitudes nor...

Persistent link: https://www.econbiz.de/10010273624

An Experimental Test of Precautionary Bidding

Pahlke, Julius; Kocher, Martin; Trautmann, Stefan T. - 2010

Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...

Persistent link: https://www.econbiz.de/10010276866

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Rützler, Daniela; Sutter, Matthias; Kocher, Martin G.; … - 2011

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health...

Persistent link: https://www.econbiz.de/10010305955