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abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior … observed in the corruption experiment. We explain our findings by a systematic underestimation of the overall probability of …
Persistent link: https://www.econbiz.de/10013081828
In this paper we run a laboratory experiment in order to investigate the impact of incidental emotions on individual …
Persistent link: https://www.econbiz.de/10012962349
collective risk preferences, 4) the switching phenomena that occur during Holt and Laury's experiment with lottery pairs can be …
Persistent link: https://www.econbiz.de/10012900353
equivalent to 69 % (ITT) and 89 % (ATT) of the gender-difference in the control group. The effect on women goes in the same …
Persistent link: https://www.econbiz.de/10012941563
Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
Persistent link: https://www.econbiz.de/10012823766
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
Persistent link: https://www.econbiz.de/10012825027
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868010
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a …
Persistent link: https://www.econbiz.de/10012868969
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …
Persistent link: https://www.econbiz.de/10012870215
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …
Persistent link: https://www.econbiz.de/10012979444