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Do ambiguity effects survive in experimental asset markets?

Füllbrunn, Sascha; Rau, Holger; Weitzel, Utz - Volkswirtschaftliche Fakultät, … - 2013

Despite ample evidence of ambiguity preferences in individual decision making, experimental studies of ambiguity effects in financial markets are scarce and inconclusive. Although a number of theoretical studies explain empirical puzzles in finance with ambiguity preferences, it is not a given...

Persistent link: https://www.econbiz.de/10011111031

Predictable and Predictive Emotions: Explaining Cheap Signals and Trust Re-Extension

Schniter, Eric; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2014

Despite normative predictions from economics and biology, unrelated strangers will often develop the trust necessary to reap gains from one-shot economic exchange opportunities. This appears to be especially true when declared intentions and emotions can be cheaply communicated. Perhaps even...

Persistent link: https://www.econbiz.de/10011111225

The Role of Emotions on Risk Aversion: A prospect theory experiment

Campos-Vazquez, Raymundo M.; Cuilty, Emilio - Volkswirtschaftliche Fakultät, … - 2013

controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …

Persistent link: https://www.econbiz.de/10011111868

An experimental investigation of auctions and bargaining in procurement

Shachat, Jason; Tan, Lijia - Volkswirtschaftliche Fakultät, … - 2012

. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the …

Persistent link: https://www.econbiz.de/10011112148

Potential Competition in the Presence of Sunk Entry Costs: An Experiment

Dasgupta, Utteeyo - Volkswirtschaftliche Fakultät, … - 2009

I study the effect of sunk entry-costs on potential competition in a multi-market framework, where potential entrants have different home market profits. Although sunk-entry-costs are supposed to increase entry barriers, my experimental results suggest that firms view entry costs differently...

Persistent link: https://www.econbiz.de/10011112572

Problems of utility and prospect theories. A ”certain-uncertain” inconsistency of the random-lottery incentive system

Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014

experiments of the utility and prospect theories, the choices of certain outcomes are stimulated by uncertain lotteries. Because … of this evident “certain-uncertain” inconsistency, the deductions from the random-lottery incentive experiments, those … include the certain outcomes, cannot be unquestionably correct. The experiment of Starmer and Sugden (1991) evidently supports …

Persistent link: https://www.econbiz.de/10011112848

Guilt aversion and peer effects in crime: experimental and empirical evidence from Bangladesh

Shoji, Masahiro - Volkswirtschaftliche Fakultät, … - 2013

I conducted an artefactual field experiment to identify whether guilt reduces crime, and how the crime reduction … sensitivity and belief. I found supporting evidence of changes in belief. My experiment is novel in that it develops an approach …

Persistent link: https://www.econbiz.de/10011113251

The Impact of Fine Size and Uncertainty on Punishment and Deterrence: Evidence from the Laboratory

Feess, Eberhard; Schramm, Markus; Wohlschlegel, Ansgar - Volkswirtschaftliche Fakultät, … - 2014

We use a laboratory experiment to test the impacts of uncertainty, the magnitude of fines and aversion against making …

Persistent link: https://www.econbiz.de/10011113273

Promoting Competition or Helping Less-Endowed? An Experiment on Collective Institutional Choices under Intra-Group Inequality

Kamei, Kenju - Volkswirtschaftliche Fakultät, … - 2014

Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...

Persistent link: https://www.econbiz.de/10011113335

The Hayek hypothesis and long run competitive equilibrium: an experimental investigation

Shachat, Jason; Zhang, Zhenxuan - Volkswirtschaftliche Fakultät, … - 2012

We report on an experiment investigating whether the Hayak Hypothesis (Smith, 1982) extends to the long run setting. We …

Persistent link: https://www.econbiz.de/10011114094