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Higher-order risk preferences in social settings : an experimental analysis

Heinrich, Timo; Mayrhofer, Thomas - 2014

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their own pay-off. Yet,...

Persistent link: https://www.econbiz.de/10010417190

Does exposure to unawareness affect risk preferences? : a preliminary result

Ma, Wenjun; Schipper, Burkhard - 2016

changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

Persistent link: https://www.econbiz.de/10011478981

Are Collective Risk Preferences More Risk Neutral than Individual Risk Preferences? An Experiment in Small Groups

Ito, Nobuyuki - 2019

estimation approach. The behavioral models used for structural estimation are based on expected utility theory (EUT), prospect … theory (PT) and model parameters. The superiority of the models is also examined. The results of the structural estimations … 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

Using Response Times to Infer Others’ Beliefs : An Application to Information Cascades

Frydman, Cary - 2019

efficiency. To investigate this, we conduct a standard information cascade experiment and find that RTs do contain information …

Persistent link: https://www.econbiz.de/10012903056

(Non-)Insurance Markets, Loss Size Manipulation and Competition - Experimental Evidence

Hinloopen, Jeroen - 2018

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

Persistent link: https://www.econbiz.de/10012936210

Uncertain Returns in Threshold Public Goods : An Experimental Investigation

Kidwai, Abdul H. - 2019

For a variety of public goods projects, the exact return from provision is not known. We design an experiment to test …

Persistent link: https://www.econbiz.de/10012866993

Strategic Demand Response to Dynamic Pricing : A Lab Experiment for the Electricity Market

Atasoy, Ayse Tugba - 2020

Despite the efforts of restructuring power markets over the last decades, the lack of demand response in the retail electricity markets remains a significant concern. Possible demand response would help to reduce prices and volatility by better matching supply and demand through improved price...

Persistent link: https://www.econbiz.de/10012851755

Risk Premia and Knightian Uncertainty in an Experimental Market Featuring a Long-Lived Asset

Griffin, John - 2015

consistent with microeconomic theory is discussed …

Persistent link: https://www.econbiz.de/10013027527

Corruption in Committees : An Experimental Study of Information Aggregation through Voting

Morton, Rebecca - 2014

We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention when the probability of...

Persistent link: https://www.econbiz.de/10013047178

Comparing Behavior Under Risk and Under Ambiguity in a Lifecycle Experiment

Carbone, Enrica - 2015

long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …

Persistent link: https://www.econbiz.de/10013033292