Showing 1 - 10 of 1,139
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …
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 …
Persistent link: https://www.econbiz.de/10010277023
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
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
It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the...
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
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 context dependent rather than ubiquitous. In this paper we try to rationalize the heterogeneity of results investigating experimentally whether the presence of a safe option among the...
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 … amount or by engaging in a risky, but potentially more profitable, in-vestment. In one treatment, the outcome of the risky … investment is determined by a random move, while in another treatment stakeholders can cheat to obtain the more profitable …
Persistent link: https://www.econbiz.de/10011744589