Showing 1 - 10 of 546
We design and implement the first real-effort experiment that can jointly estimate present bias (Ø) and sophistication (bØ), with separate preference parameters for money (Øm, bØm) and effort (Øe, bØe). In our study, participants chose to (and predicted to) complete 14% (and 10%) fewer...
Persistent link: https://www.econbiz.de/10014474499
We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …, we measure ambiguity attitudes and vary the source of ambiguity, using either the VBB or natural events. We find that the … VBB and natural events result in a similar degree of ambiguity aversion. Further, we find that, by manipulating the number …
Persistent link: https://www.econbiz.de/10015130148
This study investigates loss aversion when the reference point is state-dependent.Using a state-dependent structure, prospects are more attractive if they depend positively on the reference point and are less attractive in case of negative dependence. In addition, the structure is neutral in the...
Persistent link: https://www.econbiz.de/10005858208
useful for out-of-sample prediction. Nor do we find practical applications of Bernoulli functions in major risk …
Persistent link: https://www.econbiz.de/10010288161
willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …
Persistent link: https://www.econbiz.de/10010500224
leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …
Persistent link: https://www.econbiz.de/10010500256
We conduct a field experiment studying how financial incentives for achieving specific course grades affect university students, whether effects vary by ability, and whether allowing students to choose their goals improves outcomes. We find that incentives negatively affect performance,...
Persistent link: https://www.econbiz.de/10015432598
How does delay in the realization of a prosocial decision affect prosocial choice? This paper first provides a meta-analysis that collects existing evidence on the temporal consistency of prosocial behavior. I show that the evidence on the delay effect on prosocial choice is contradicting but...
Persistent link: https://www.econbiz.de/10014318975
An extensive literature documents that people are willing to sacrifice personal material gain to adhere to a moral motive. Yet, less is known about what happens when moral motives are in conflict. We hypothesize that individuals engage in what we term "motive selection," namely adhering to the...
Persistent link: https://www.econbiz.de/10014318979