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-based questionnaire before the experiment and participants' preferences for 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/10013146983
experiment. To identify the causes of risk taking by groups, we compare individual to group decisions in three scenarios. The …
Persistent link: https://www.econbiz.de/10012831257
Persistent link: https://www.econbiz.de/10010191024
We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior …
Persistent link: https://www.econbiz.de/10009740342
We correlate choice under risk in Holt-Laury lottery tasks for gains and losses with salivary testosterone, estradiol, progesterone, and cortisol, the use of hormonal contraceptives, menstrual cycle information as well as the digit ratio (2D:4D) in more than 200 subjects. Risk aversion is...
Persistent link: https://www.econbiz.de/10009544160
risk. -- Decision making under risk ; laboratory experiment ; prudence ; risk aversion ; temperance ; gender differences … approach is not based on expected utility theory. In our experiment we find evidence for risk aversion, prudence and temperance …
Persistent link: https://www.econbiz.de/10009124807
This paper examines the distributional impact of increases to out-of-work transfers, increases to work-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by standard snapshot analyses, increases to...
Persistent link: https://www.econbiz.de/10011718891
experiment, we introduce exogenous variation in the opportunity costs of time. Contrary to claims in the previous literature, we … positive correlation between decision time and the probability of making mistakes. Such behavior is compatible with rational … making observable decision errors under risk. …
Persistent link: https://www.econbiz.de/10011962186
predictions that give the exact test on prudence, an experiment was designed where subjects go through higher order risk attitude … elicitation and make a self-protection decision. In contrast to expected utility theory, the observed efforts are less than the …
Persistent link: https://www.econbiz.de/10011867564
In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings...
Persistent link: https://www.econbiz.de/10012596286