Showing 1 - 10 of 1,031
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … additional individual characteristics such as subjects' risk attitudes, measures of self-assessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10010267618
The ratio bias - according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers - has recently gained momentum, with researchers especially in health economics...
Persistent link: https://www.econbiz.de/10010277022
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10010277023
criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and … disciplines: risk aversion, conscientiousness, and high self-control make criminal behavior less likely. Our results illustrate …
Persistent link: https://www.econbiz.de/10010333299
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search …
Persistent link: https://www.econbiz.de/10010333340
the subjects, but just indirectly perceived. We use the "Click" version of the Bomb Risk Elicitation Task, in which …
Persistent link: https://www.econbiz.de/10010531723
Evidence of Illusion of Control - the fact that people believe to have control over pure chance events - is a recurrent finding in experimental psychology. Results in economics find instead little to no support. In this paper we test whether this dissonant result across disciplines is due to the...
Persistent link: https://www.econbiz.de/10010531741
A core prediction of recent "dual-self" models is that a person's risk attitudes depend on her current level of self …-control, compared to regular self-control; in particular, lower levels of self-control should induce stronger risk aversion for stakes … within a particular range. We test the hypotheses in a lab experiment with a large number of subjects (N = 308), using a well …
Persistent link: https://www.econbiz.de/10011451192
Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are … experimentally whether the presence of a safe option among the set of alternatives explains why females are more risk averse than … males. We manipulate three widely used risk elicitation methods finding that the availability of a safe option causally …
Persistent link: https://www.econbiz.de/10011744505
experiment, we let third parties redistribute resources between two stakeholders who could earn money either by choosing a safe …
Persistent link: https://www.econbiz.de/10011744589