Showing 1 - 8 of 8
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10011348343
Persistent link: https://www.econbiz.de/10009765840
This paper uses a unified treatment of real options and game theory to examine value appropriation in takeovers within a competitive environment of imperfect information. The integrated model considers a potential target as a shared real option on a bundle of resources. Competing potential...
Persistent link: https://www.econbiz.de/10011337396
We study experimentally whether the endowment effect survives in a social and strategic context. Participants are asked for their Willingness-to-Accept (WTA) or Willingness-to-Pay (WTP) to play a series of 2x2 games. In the second part of the experiment, we study the endowment effect in...
Persistent link: https://www.econbiz.de/10011339153
In studies of bank runs the initial deposit decision is typically not taken into account. However, it is unlikely that … lower interest. After this decision they can withdraw the money from their account or leave it in to receive the interest …
Persistent link: https://www.econbiz.de/10012487899
This paper analyses the behavior of an individual who wants to maximize his utility function, but he is not able to evaluate it. There are many ways to choose a single alternative from a given set. We show that a unique utility maximizing procedure exists. Choices induced by this optimal...
Persistent link: https://www.econbiz.de/10011348351
actors. While such an analysis informs us about the authority structure within an organization, it ignores the decision …-making mechanisms completely. The few studies which take into account the decision-making mechanisms make all use of adaptations of well … a class of decision-making mechanisms which allow certain actors to terminate a decision before all other members have …
Persistent link: https://www.econbiz.de/10011377381
Persistent link: https://www.econbiz.de/10003811430