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prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008527318
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008471892
experiment using pairwise lottery choice and a within-subject design, we showthat putting subjects under load via a concurrent …. We discuss how these findings relate to both dual-system and unitarysystem theories of decision making.We observe that … predictions of both recent dual-system and drift–diffusion models of the decision-making process are confirmed by our data and …
Persistent link: https://www.econbiz.de/10011438007
difficult version. Implications are drawn on when to employ groups rather than individuals in decision making. …
Persistent link: https://www.econbiz.de/10011449224
Trust is an important driver of economic transactions, but how do people decide whom to trust? We conduct an experiment … führen ein Experiment durch, um zu untersuchen, ob Menschen dazu in der Lage sind, die Vertrauenswürdigkeit eines Fremden …
Persistent link: https://www.econbiz.de/10011609452
order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …
Persistent link: https://www.econbiz.de/10010425055
This paper analyzes in a within-subjects experiment time preferences when peopledecide for themselves and on behalf of …
Persistent link: https://www.econbiz.de/10012224335
Informed by Grether and Plott (1979) and Cox and Grether (1996), we implement various preference elicitation procedures over a parameter grid. First, we find a lower incidence of preference reversals for probability equivalents from the dual-to-selling version of Becker, Degroot, and Marschak (1964;...
Persistent link: https://www.econbiz.de/10011757769
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 … risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers …
Persistent link: https://www.econbiz.de/10009669833
We report results from a laboratory experiment that explores the effects of preference communication and leader … selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group … leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …
Persistent link: https://www.econbiz.de/10010222348