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Causes, consequences, and cures of myopic loss aversion: an experimental investigation

Fellner, Gerlinde; Sutter, Matthias - 2008

We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …

Persistent link: https://www.econbiz.de/10010263857

Causes, consequences, and cures of myopic loss aversion - An experimental investigation

Fellner, Gerlinde; Sutter, Matthias - Wirtschaftswissenschaftliche Fakultät, … - 2008

Persistent link: https://www.econbiz.de/10005090568

Downsizing the Labor Force by Low and High Profit Firms– An Experimental Analysis

Güth, Werner; Paul, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

One may hope to capture the behavioral and emotional eects of downsizingthe labor force in rather abstract settings as an ultimatum game (see Fischeret al. (2008)), or try to explore downsizing in its more natural principalagentscenario with a labor market background. We pursue the latter...

Persistent link: https://www.econbiz.de/10005866438

Testing the Modigliani-Miller theorem directly in the lab:a general equilibrium approach

Mahagaonkar, Prashanth; Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

In this paper, we experimentally test the Modigliani-Miller theorem. Applying ageneral equilibrium approach and not allowing for arbitrage among ¯rms with differ-ent capital structure, we are able to address a question fundamental to the valuationof firms: does capital structure affect the...

Persistent link: https://www.econbiz.de/10005866450

Effects of Profitable Downsizing on Collective Bargaining

Fischer, Sven; Güth, Werner; Köhler, Christoph - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

We experimentally test how acceptance thresholds react to the decisionof the proposer in a three party ultimatum game to exclude oneof two responders with veto power from the game. We elicit responderacceptance thresholds in case the proposer decides to exclude one ofthem, what increases the...

Persistent link: https://www.econbiz.de/10005866458

(Non-) Behavioral Economics – A Programmatic Assessment

Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Economic theory has evolved without paying proper attention to behavioral approaches,especially to social, economic, and cognitive psychology. This has recently changed byincluding behavioral economics courses in many doctoral study programs. Although thisnew development is most welcome, the...

Persistent link: https://www.econbiz.de/10005866470

The Hidden Costs of Control:An Unsuccessful Replication Study

Ploner, Matteo; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This note reports a replication study of Falk and Kosfeld’s (2006) medium control treatment.In the experimental game, an agent has an endowment of 120 experimental currency units anddecides how much to transfer to a principal. For every unit that the agent gives up, the principalreceives two...

Persistent link: https://www.econbiz.de/10005866534

Equity versus Efficiency?– Evidence from Three-Person Generosity Experiments –

Güth, Werner; Pull, Kerstin; Stadler, Manfred; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....

Persistent link: https://www.econbiz.de/10005870886

Effects of profitable downsizing on collective bargaining

Fischer, Sven; Güth, Werner; Köhler, Christoph - 2008

We experimentally test how acceptance thresholds react to the decision of the proposer in a three party ultimatum game to exclude one of two responders with veto power from the game. We elicit responder acceptance thresholds in case the proposer decides to exclude one of them, what increases the...

Persistent link: https://www.econbiz.de/10010263854

Manipulating reference states: The effect of attitudes on utility

Matthey, Astrid - 2008

In economic theory, utility depends on past, present and future outcomes. The experiment described in this paper …

Persistent link: https://www.econbiz.de/10010263885

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