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Decision-making traits and states as determinants of risky choices
Gärtner, Manja; Tinghög, Gustav; Västfjäll, Daniel - 2019
experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision … taking becomes weaker in the emotion-inducing state and in the loss domain. In contrast, the association between a …
Persistent link: https://www.econbiz.de/10012118611
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Framing decisions in experiments on higher-order risk preferences
Haering, Alexander - 2021
In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings...
Persistent link: https://www.econbiz.de/10012596286
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Eliciting risk preferences using choice lists
Freeman, David; Halevy, Yoram; Kneeland, Terri - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 217-237
. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
Persistent link: https://www.econbiz.de/10011994857
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Cognitive imprecision and stake-dependent risk attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2022
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10013364933
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Social preferences under risk : ex-post fairness vs. efficiency
Gaudeul, Alexia - 2015
Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one’s situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives...
Persistent link: https://www.econbiz.de/10011295782
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Social preferences under risk : minimizing collective risk vs. reducing ex-post inequality
Gaudeul, Alexia - 2016
We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
Persistent link: https://www.econbiz.de/10011476573
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How Certain is the Uncertainty Effect?
Rydval, Ondrej - 2009
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. While the authors implemented a verbal lottery...
Persistent link: https://www.econbiz.de/10013157185
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Time Lotteries
DeJarnette, Patrick - 2018
a motivation, we show in an incentivized experiment that most subjects exhibit the opposite behavior, i.e., they are …
Persistent link: https://www.econbiz.de/10012937078
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Time Lotteries
DeJarnette, Patrick - 2018
a motivation, we show in an incentivized experiment that most subjects exhibit the opposite behavior, i.e., they are …
Persistent link: https://www.econbiz.de/10012937079
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Social preferences in private decisions
Linde, Jona; Sonnemans, Joep - 2012
Persistent link: https://www.econbiz.de/10010191024