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experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more …
Persistent link: https://www.econbiz.de/10011607388
-like behavior than loss aversion-based models. We conduct a novel experiment which allows us to clearly distinguish between the role …
Persistent link: https://www.econbiz.de/10011657541
that monetary payoffs are not the only motive that determines agents’ decisions. In our experiment we test theoretical …
Persistent link: https://www.econbiz.de/10010747602
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010333977
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010334051
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010264587
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010269296
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010277508
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
Persistent link: https://www.econbiz.de/10012290029
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an …
Persistent link: https://www.econbiz.de/10010379927