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take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting …-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly …
Persistent link: https://www.econbiz.de/10005124205
bidders anticipate positive or negative emotions caused by the mere fact of winning or losing. Even if the "emotional" (dis …
Persistent link: https://www.econbiz.de/10005498113
emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is …
Persistent link: https://www.econbiz.de/10011083543
Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment we …
Persistent link: https://www.econbiz.de/10005661953
of emotions, using the emotion data from the experiment and recent psychological findings. We also find that people …We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The …
Persistent link: https://www.econbiz.de/10005791308
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005123778
experienced emotions influence decision making. … variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision but before the resolution of the investment risk; (iii) after the resolution of the investment …
Persistent link: https://www.econbiz.de/10005136625
for the hypothesis that emotions help decision-making. Last, we discuss the implications for choices in concrete vs … the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal …
Persistent link: https://www.econbiz.de/10005656356
We consider a lie-catching experiment with 9240 judgements. A set of videotapes shows subjects participating in a tax … compliance experiment. The subjects chose whether or not to misreport. Subjects knew that underreporters were chosen for an audit … the tax compliance experiment was higher. This suggests that, when subjects can choose whether to state the truth or to …
Persistent link: https://www.econbiz.de/10011084015
The objective of this paper is to understand the implications for consumption and portfolio choice of the separation of an investor’s risk aversion and elasticity of intertemporal substitution that is made possible by recursive utility, in contrast to expected utility, where the two are...
Persistent link: https://www.econbiz.de/10005661747