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This paper investigates experimentally how the inclination to cheat changes when agents report the result of multiple realizations of a (private information) stochastic event rather than a single outcome. Extreme outcomes clearly signal opportunistic behavior with multiple realizations. The...
Persistent link: https://www.econbiz.de/10012823296
Persistent link: https://www.econbiz.de/10012867028
We test empirically the strategic counterpart of the Adaptive Decision Maker hypothesis (Payne et al., 1993), which states that decision makers adapt their attention and decision rules to time pressure in predictable ways. For twenty-nine normal form games, we test whether players adapt to...
Persistent link: https://www.econbiz.de/10012971572
The discounted utility theory is one of the corner stone of financial theory; particularly in inter-temporal asset pricing and portfolio management. The questioning of this theory has opened a whole field of research in psychology, economics and management and has undergone several enhancements...
Persistent link: https://www.econbiz.de/10012971877
We theoretically show that agents with loss-averse preferences facing a decision to receive a bad financial payoff if they report honestly or to receive a better financial payoff if they report dishonestly are more likely to lie to avoid receiving the low payoff the lower the ex-ante probability...
Persistent link: https://www.econbiz.de/10012978152
This paper presents results of a study that has shed new light on the shape of indifference curves in the Marschak-Machina triangle. The most important observation concerns jumps in indifference curves at the triangle legs towards the triangle origin. Such jumps, however, do not appear at the...
Persistent link: https://www.econbiz.de/10013005125
This document presents a ready-to-use version of the ambiguity preference survey module as proposed in the article "Measuring ambiguity preferences: A new ambiguity preference survey module" (Cavatorta and Schröder, 2019). In addition, this document shows how to convert the answers to the...
Persistent link: https://www.econbiz.de/10012850429
In the published proceedings of the first Journal of Accounting Research Conference, Vatter [1966] lamented that “Gathering direct and original facts is a tedious and difficult task, and it is not surprising that such work is avoided.” For the fiftieth JAR Conference, we introduce a...
Persistent link: https://www.econbiz.de/10013016737
Consumer behavior researchers have a wide variety of research methods at their disposal and numerous channels through which to conduct their research. In this paper, we develop a typology of research desiderata based on the different types of validity that behavioral research typically seeks. We...
Persistent link: https://www.econbiz.de/10012983742
In the published proceedings of the first Journal of Accounting Research Conference, Vatter [1966] lamented that “Gathering direct and original facts is a tedious and difficult task, and it is not surprising that such work is avoided.” For the fiftieth JAR Conference, we introduce a...
Persistent link: https://www.econbiz.de/10012986902