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Trust and trustworthiness under the prospect theory: A field experiment in Vietnam

Nguyen, Quang; Villeval, Marie-Claire; Xu, Hui - 2012

We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in …

Persistent link: https://www.econbiz.de/10010289986

Information and beliefs in a repeated normal-form game

Fehr, Dietmar; Kübler, Dorothea; Danz, David - 2008

feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …

Persistent link: https://www.econbiz.de/10010268780

The ratio bias phenomenon: fact or artifact?

Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009

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

Incentive effects on risk attitude in small probability prospects

Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009

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

Learning about a class of belief-dependent preferences without information on beliefs

Bellemare, Charles; Sebald, Alexander - 2011

common to preferences in this class. We illustrate our approach by analyzing data from a large scale experiment conducted … with a sample of participants randomly drawn from the Dutch population. We find that behavior of players in the experiment … determinant of decisions in our experiment. …

Persistent link: https://www.econbiz.de/10010280712

A parametric analysis of prospect theory's functionals for the general population

Booij, Adam S.; van Praag, Bernard M. S.; van de … - 2009

This paper presents the results of an experiment that completely measures the utility function and probability …

Persistent link: https://www.econbiz.de/10010277017

Loss aversion and labor supply

Goette, Lorenz; Huffman, David; Fehr, Ernst - 2003

In many occupations workers? labor supply choices are constrained by institutional rules regulating labor time and effort provision. This renders explicit tests of the neoclassical theory of labor supply difficult. Here we present evidence from studies examining labor supply responses in...

Persistent link: https://www.econbiz.de/10010261634

Narrow bracketing and dominated choices

Rabin, Matthew; Weizsäcker, Georg - 2007

An experiment by Tversky and Kahneman (1981) illustrates that people's tendency to evaluate risky decisions separately …. The theory is accompanied by both a real-stakes laboratory experiment and a large-sample survey from the general U ….S. population. Replicating Tversky and Kahneman's original experiment where decisionmakers with prototypical prospect …

Persistent link: https://www.econbiz.de/10010268303

Explaining the favorite-longshot bias: Is it risk-love or misperceptions?

Snowberg, Erik; Wolfers, Justin - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10010269869

Prospect Theory and Tax Evasion: A Reconsideration of the Yitzhaki Puzzle

Piolatto, Amedeo; Rablen, Matthew D. - 2013

The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss...

Persistent link: https://www.econbiz.de/10010328988