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measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the … 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
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
in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of … factors. We study subjects' strategic investment decisions in four basic network structures. As predicted, we find that global …
Persistent link: https://www.econbiz.de/10005136539
We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a …
Persistent link: https://www.econbiz.de/10011145479
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 … choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a 'global risk …
Persistent link: https://www.econbiz.de/10005791308
We develop a model of portfolio choice to nest the views of Keynes - who advocates concentration in a few familiar assets - and Markowitz - who advocates diversification across assets. We rely on the concepts of ambiguity and ambiguity aversion to formalize the idea of an investor’s...
Persistent link: https://www.econbiz.de/10008468537
consistent with the theoretical results: in the experiment, investment levels with and without legal protection are comparable …Understanding the impact of legal protection on investment is of major importance. This paper provides a framework for … addressing this issue, and shows that investment may actually be higher in the absence of legal protection. Focusing on the …
Persistent link: https://www.econbiz.de/10011083356
This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not affect their decision. Our findings suggest that this...
Persistent link: https://www.econbiz.de/10004976787
experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …
Persistent link: https://www.econbiz.de/10011084146
. We test the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a …
Persistent link: https://www.econbiz.de/10005123605