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Causes, consequences, and cures of myopic loss aversion : an experimental investigation
Fellner, Gerlinde (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003035190
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Measuring time and risk preferences : realiability, stability, domain specificity
Wölbert, Eva; Riedl, Arno - 2013
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 rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk. …
Persistent link: https://www.econbiz.de/10009772925
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Price dynamics and trader overconfidence
Ahrens, Steffen; Bosch-Rosa, Ciril; Roulund, Rasmus Pank - 2019
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...
Persistent link: https://www.econbiz.de/10012034133
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Intertemporal consumption and debt aversion : a replication and extension
Ahrens, Steffen; Bosch-Rosa, Ciril; Meissner, Thomas - 2022
correlating a new individual index of debt aversion on individual characteristics such as gender, cognitive ability, and risk … aversion. The findings suggest that gender and risk aversion are not correlated with debt aversion. However, cognitive ability …
Persistent link: https://www.econbiz.de/10012799407
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Intertemporal consumption and debt aversion : a replication and extension
Ahrens, Steffen; Bosch-Rosa, Ciril; Meissner, Thomas - 2022
correlating a new individual index of debt aversion on individual characteristics such as gender, cognitive ability, and risk … aversion. The findings suggest that gender and risk aversion are not correlated with debt aversion. However, cognitive ability …
Persistent link: https://www.econbiz.de/10013191573
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When Curiosity Kills the Profits : An Experimental Examination
Jamison, Julian C.; Karlan, Dean S. - 2005
Economic theory predicts that in a first-price auction with equal and observable valuations, bidders earn zero profits. Theory also predicts that if valuations are not common knowledge, then since it is weakly dominated to bid your valuation, bidders will bid less and earn positive profits....
Persistent link: https://www.econbiz.de/10014028048
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Benefit losses loom larger than taxes : the effects of framing and loss aversion on behavioural responses to taxes and benefits
Avram, Silvia - 2015
challenging traditional models that assume taxes only influence behaviour via the budget constraint. Using a lab experiment, this …
Persistent link: https://www.econbiz.de/10011318402
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Measuring Time and Risk Preferences : Reliability, Stability, Domain Specificity
Woelbert, Eva - 2013
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 rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk …
Persistent link: https://www.econbiz.de/10013072892
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Risk Aversion as a Perceptual Bias
Khaw, Mel - 2017
The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … from the terms offered; and subjects often appear to be too risk averse with regard to small gambles (while still accepting … from judgments based on imprecise (and noisy) mental representation of the decision situation. In this model, risk aversion …
Persistent link: https://www.econbiz.de/10012956867
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Measuring Time and Risk Preferences : Reliability, Stability, Domain Specificity
Woelbert, Eva - 2013
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 rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk …
Persistent link: https://www.econbiz.de/10013078528