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Show what you risk - norms for risk taking

Grimm, Stefan - 2018

choices being observed, compared to anonymity of choices, on risk taking in a laboratory experiment. I relate participants …' investments in a risky asset directly to social norms for risk taking that are elicited in an incentivized procedure. I find that … risk taking is not affected by the choice being observed by a matched participant. Nor do investments follow elicited norms …

Persistent link: https://www.econbiz.de/10011930435

Decision-making traits and states as determinants of risky choices

Gärtner, Manja; Tinghög, Gustav; Västfjäll, Daniel - 2019

We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either …-making traits are strong and robust determinants of risk taking: a more intuitive trait is associated with more risk taking, while a …

Persistent link: https://www.econbiz.de/10012118611

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...

Persistent link: https://www.econbiz.de/10011899690

An experimental test of the global-game selection in coordination games with asymmetric players

Heinemann, Frank - 2023

the fraction of players choosing either action. This paper presents an experiment on asymmetric games in which the GGS …

Persistent link: https://www.econbiz.de/10014476806

Ruled by robots : preference for algorithmic decision makers and perceptions of their choices

Chugunova, Marina; Luhan, Wolfgang J. - 2023

nature of the decisionmaker affects how decisions are perceived by the affected people. We use a laboratory experiment to …

Persistent link: https://www.econbiz.de/10014495065

Coordination under loss contracts

Ahrens, Steffen; Bitter, Lea; Bosch-Rosa, Ciril - 2020

In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...

Persistent link: https://www.econbiz.de/10012285502

Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions

Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature almost exclusively looks at buyers in such combined mechanisms, the current paper summarizes results from the sellers' point of view. Buy-It-Now auctions are complex mechanisms...

Persistent link: https://www.econbiz.de/10014477420

Decision making under uncertainty : an experimental study in market settings

Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019

We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our experiments are implemented in the laboratory with a student population, and pushed out through a large-scale panel to a general sample of the US population. We find that a...

Persistent link: https://www.econbiz.de/10012126236

Learning from unrealized versus realized prices

Ngangoue, M. Kathleen; Weizsäcker, Georg - 2018

Our experiments investigate the extent to which traders learn from the price, differentiating between situations where orders are submitted before versus after the price has realized. In simultaneous markets with bids that are conditional on the price, traders neglect the information conveyed by...

Persistent link: https://www.econbiz.de/10011897066

Imitation under stress

Buckert, Magdalena; Oechssler, Joerg; Schwieren, Christiane - 2014

relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …

Persistent link: https://www.econbiz.de/10010457243