Showing 1 - 10 of 1,170
We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited discount rates relative to subjects who earn income or earn and retain the income for a period before...
Persistent link: https://www.econbiz.de/10013145193
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an … incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on …
Persistent link: https://www.econbiz.de/10013050634
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology … additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only …
Persistent link: https://www.econbiz.de/10012870215
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10013316870
' time and risk preferences. We find no influence on anchoring. However, even if biases are lower for people with higher …
Persistent link: https://www.econbiz.de/10013324818
We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …
Persistent link: https://www.econbiz.de/10012868010
We theoretically show that agents with loss-averse preferences facing a decision to receive a bad financial payoff if they report honestly or to receive a better financial payoff if they report dishonestly are more likely to lie to avoid receiving the low payoff the lower the ex-ante probability...
Persistent link: https://www.econbiz.de/10012978152
in social image concerns and attitudes towards lying. We then test its predictions in a laboratory experiment. Subjects …
Persistent link: https://www.econbiz.de/10013314906
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in … economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …
Persistent link: https://www.econbiz.de/10013118042
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality – such as the Big Five and...
Persistent link: https://www.econbiz.de/10013107699