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in the laboratory. We show that individual decisions to incur privacy risk are correlated with decisions to incur … monetary risk. We find that partially depriving subjects of control over the revelation of their personal information does not … decisions reduces their aversion to privacy risk. Finally, surveyed attitude to privacy and explicit willingness to pay or to …
Persistent link: https://www.econbiz.de/10011562001
in the laboratory. We show that individual decisions to incur privacy risk are correlated with decisions to incur … monetary risk. We find that partially depriving subjects of control over the revelation of their personal information does not … decisions reduces their aversion to privacy risk. Finally, surveyed attitude to privacy and explicit willingness to pay or to …
Persistent link: https://www.econbiz.de/10012978769
privacy risk with our method. We empirically test the validity of this measure by running a laboratory experiment with 148 …We test an experimental method for the elicitation of implicit attitudes to privacy risk. We ask individuals to decide … participants. Our results confirm that the willingness to incur a privacy risk is driven by a complex array of factors including …
Persistent link: https://www.econbiz.de/10012915076
control ; sense of control ; risk attitudes ; illusion of control ; source preference ; portfolio choice ; behavioral finance …Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of … money in a risky asset when face with two different methods of control which have identical payoff structure and probability …
Persistent link: https://www.econbiz.de/10003931390
the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are …
Persistent link: https://www.econbiz.de/10011565561
optimal. A theoretical framework and an experiment demonstrate that stochastic contracts implemented with small probabilities …, which expose the agent to a high degree of risk, generate higher performance than cost-equivalent contracts with lower or no … risk exposure. I find that probability distortions that result from likelihood insensitivity-cognitive limitations that …
Persistent link: https://www.econbiz.de/10015053193
We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments … aspects of the VBB, such as the number of balls, their color, and their speed, can be easily modified. In an online experiment …
Persistent link: https://www.econbiz.de/10015075038
capabilities, shorten development time, and spread risk and cost. A question central to the study of knowledge‐sharing arrangements …
Persistent link: https://www.econbiz.de/10014160409
experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value …This article presents the results of an experiment designed to test theoretical predictions about the impact of public … compensation programs. For example, results from our experiment confirm the prediction that the WTP for insurance is smaller under …
Persistent link: https://www.econbiz.de/10013127788
collective risk preferences, 4) the switching phenomena that occur during Holt and Laury's experiment with lottery pairs can be …In this study, we investigate the changes in risk attitudes and risk perceptions that occur while collective risk … preferences are formed. Data on risk attitudes and risk perceptions were collected in lottery choice experiments. The subjects …
Persistent link: https://www.econbiz.de/10012900353