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Framing effects and impatience: Evidence from a large scale experiment
van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 701-711
We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and …
Persistent link: https://www.econbiz.de/10011048224
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Framing Effects and Impatience: Evidence from a Large Scale Experiment
van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - Institute for the Study of Labor (IZA) - 2012
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions …
Persistent link: https://www.econbiz.de/10011271980
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Forecasting Profitability
Rosenzweig, Mark; Udry, christopher - Economic Growth Center, Economics Department - 2013
realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …-invest, by a factor of three, when we compare actual levels of investments to the optimal investment level that maximizes …
Persistent link: https://www.econbiz.de/10010908080
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The role of emotions on risk aversion: A Prospect Theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - In: Journal of Behavioral and Experimental Economics … 50 (2014) C, pp. 1-9
This study measures risk and loss aversion using Prospect Theory and examines the impact of emotions on these parameters. Students’ emotions were manipulated using information on rising deaths due to drug violence in Mexico and youth unemployment and Tanaka et al. (2010) methodology was...
Persistent link: https://www.econbiz.de/10011220527
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Do institutions affect social preferences? Evidence from divided Korea
Kim, Byung-Yeon; Choi, Syngjoo; Lee, Jungmin; Sokbae … - Centre for Microdata Methods and Practice (CEMMAP) - 2013
The Cold War division of Korea, regarded as a natural experiment in institutional change, provides a unique opportunity …
Persistent link: https://www.econbiz.de/10010685244
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The role of emotions on risk aversion: a prospect theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - Centro de Estudios Económicos, Colegio de México - 2013
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …
Persistent link: https://www.econbiz.de/10010686703
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Do Institutions Affect Social Preferences? Evidence from Divided Korea
Kim, Byung-Yeon; Choi, Syngjoo; Lee, Jungmin; Lee, Sokbae; … - Institute for the Study of Labor (IZA) - 2013
The Cold War division of Korea, regarded as a natural experiment in institutional change, provides a unique opportunity …
Persistent link: https://www.econbiz.de/10010688392
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Gambler's fallacy in the classroom?
Kiss, Hubert Janos; Selei, Adrienn - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2013
experiment to study if the likelihood to change incorrectly to a different answer than the last one depends on the number of …
Persistent link: https://www.econbiz.de/10010743474
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Are the unskilled doomed to remain unaware?
Ryvkin, Dmitry; Krajč, Marian; Ortmann, Andreas - In: Journal of Economic Psychology 33 (2012) 5, pp. 1012-1031
The unskilled-and-unaware problem describes a negative relationship between one’s skill level and self-assessment bias: the less skilled are, on average, more unaware of the absolute and relative quality of their performance. In this paper, we study whether, and to what extent, the...
Persistent link: https://www.econbiz.de/10011051337
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It is not just escalation: The one dollar game revisited
Migheli, Matteo - In: Journal of Behavioral and Experimental Economics … 41 (2012) 4, pp. 434-438
This paper examines the one-dollar auction game ruling out escalation. The aim of the paper is to understand if players’ expectations about competitors’ moves are strong enough to induce at least one player to bid more than the auctioned euro. Any other bid represents an expected loss for...
Persistent link: https://www.econbiz.de/10011051788