Showing 1 - 10 of 2,112
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental …
Persistent link: https://www.econbiz.de/10010277023
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental …
Persistent link: https://www.econbiz.de/10008527318
This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10010277017
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
valuation tasks. Also, adding context to the decision problem does not change this outcome. No ratio bias could be found in …
Persistent link: https://www.econbiz.de/10010277022
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
-control depletion. Our findings have important implications for the future modeling of decision making under risk. …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 …
Persistent link: https://www.econbiz.de/10011451192