Showing 41 - 50 of 118,774
This experimental study, first, compares the individual valuations of two risk reduction mechanisms: self-insurance and self-protection. Second, it investigates these valuations when the loss amount is ambiguous, and compare these values with valuations when loss amounts are known. results...
Persistent link: https://www.econbiz.de/10010263799
The decision theory under risk or uncertainty has for object to describe the behavior of agents facing several … extension, to understand the underlying optimization process to all decision.The determination of the representative function of … to answer to the problem of decision under risk or uncertainty and to analyze the approach of these models …
Persistent link: https://www.econbiz.de/10013134624
-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …
Persistent link: https://www.econbiz.de/10011374397
potentially confounding decision biases. …
Persistent link: https://www.econbiz.de/10008749646
Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one’s situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives...
Persistent link: https://www.econbiz.de/10011295782
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whetherpeople who are loss averse in riskless choices are also loss averse in risky choices. Wemeasure individual-level loss aversion in riskless choices in an endowment effect experimentby eliciting both WTA and...
Persistent link: https://www.econbiz.de/10005862335
theoretical approach, namelysatisficing or optimality, applicable. Then, they are guided throughthe decision making process where … measured by the adjustments of personal parametersuntil accepting the investment decision suggested by theory.Additionally, a …
Persistent link: https://www.econbiz.de/10005866712
In this paper the authors experimentally test overconfidence in investment decisions by ordering participants the possibility to substitute their own for alternative investment choices.
Persistent link: https://www.econbiz.de/10005845213
Recent studies have suggested that there may be a correlation between the order in which decision-makers collect … from an experiment designed to establish causality by exogenously manipulating the order in which participants view … of risk participants take. This suggests that the choice architecture for real world risky decision making may have both …
Persistent link: https://www.econbiz.de/10012986368
experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153