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controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …This study measures risk and loss aversion using Prospect Theory and the impact of emotions on those parameters. Our … similar to those obtained by Tanaka et al. (2010). In order to study the role of emotions, we provided subjects with randomly …
Persistent link: https://www.econbiz.de/10010686703
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …This study measures risk and loss aversion using Prospect Theory and the impact of emotions on those parameters. Our … similar to those obtained by Tanaka et al. (2010). In order to study the role of emotions, we provided subjects with randomly …
Persistent link: https://www.econbiz.de/10011111868
This paper investigates how framing manipulations affect the quantity and quality of decisions. In a field experiment …
Persistent link: https://www.econbiz.de/10011543487
Persistent link: https://www.econbiz.de/10010489188
treatment effects over gain-loss types in both an initial experiment and an exact replication. Recognizing heterogeneity over …
Persistent link: https://www.econbiz.de/10012835407
We examine situations in which a decision maker decides for another person as well as herself under conditions of payoff equality, and compare such decisions under responsibility to individual decisions. Estimating a structural model we find that responsibility leaves utility curvature...
Persistent link: https://www.econbiz.de/10010469603
This chapter surveys the rapidly growing literature in which risk preferences are measured and manipulated in laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between a safe and risky asset, a choice menu task for eliciting...
Persistent link: https://www.econbiz.de/10014025528
individual and his social reference point. In the experiment we reproduce a workplace environment whereby subjects interact in an …
Persistent link: https://www.econbiz.de/10010253153
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...
Persistent link: https://www.econbiz.de/10010412075