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Over recent years, parking policy has become a key element of urban transport policy and planning in many countries. The need of urban mobility, mostly guaranteed by private cars, in facts, impacts on the policy and regulations of parking areas. The issue is particularly relevant for work...
Persistent link: https://www.econbiz.de/10010740308
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10010759790
This paper provides an experimental test of the traveller's dilemma using individual and group data. Our investigation aims to address three fundamental research questions, which can be summarised as follows: (i) claims are affected by the size of the penalty/reward; (ii) individual decisions...
Persistent link: https://www.econbiz.de/10010772994
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10010773019
This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. We reached two conclusions: (1) indeed, the rating agency can speed up price...
Persistent link: https://www.econbiz.de/10010848361
Persistent link: https://www.econbiz.de/10004086725
Persistent link: https://www.econbiz.de/10004086727
We investigate traders' behaviour in an experimental asset market where uninformed agents cannot be sure about the presence of insiders. In this framework we compare two trading institutions: the continuous double auction and the call market. The purpose of this comparison is to test which of...
Persistent link: https://www.econbiz.de/10011853374
In this paper we investigated group size impact on risk aversion when a majority rule is applied. Drawing on the widely used Holt and Laury's (2002) lottery pairs, we observed a risky shift for both individual and groups regardless of their size. However, groups choices are shown to be closer to...
Persistent link: https://www.econbiz.de/10011853391
Environmental psychologists suggest that people feelings and emotions determine what they do and how they do it. According to the stimulus organism respons model (SOR), the environment creates a behavioral/emotional response in individuals that, in turn, induces approach or avoidance behaviors....
Persistent link: https://www.econbiz.de/10011853395