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From individual choices to the 4-eyes-principle: The big robber game revisited among financial professionals and students

Bachler, Sebastian; Holzknecht, Armando; Huber, Jürgen; … - 2024

While headline news frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations, Al'os-Ferrer et al. (2022) introduced the Big...

Persistent link: https://www.econbiz.de/10014517416

The determinants of managerial decisions under risk

Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - 2008

In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study experimentally why, and under which conditions, leaders...

Persistent link: https://www.econbiz.de/10010293435

Cognitive skills and economic preferences in the fund industry

Farago, Adam; Holmen, Martin; Holzmeister, Felix; … - 2019

By running a battery of incentivized and non-incentivized experiments with fund managers from four countries in the European Union, we investigate the impact of fund managers' cognitive skills and economic preferences on the dynamics of the mutual funds they manage. First, we find that fund...

Persistent link: https://www.econbiz.de/10012140892

Active and Passive Risk-Taking

König-Kersting, Christian; Lohse, Johannes; Merkel, Anna - 2020

Risk-taking may depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking). We develop a new experimental risk-elicitation procedure, the Dynamic Lottery Adjustment Task, and employ it across two separate experiments to study the size and...

Persistent link: https://www.econbiz.de/10012609013

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021

Understanding the roots of human cooperation among strangers is of great importance for solving pressing social dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine...

Persistent link: https://www.econbiz.de/10012614680

No need for more time: Intertemporal allocation decisions under time pressure

Lindner, Florian; Rose, Julia - 2016

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...

Persistent link: https://www.econbiz.de/10011622771

Ignorance, Intention and Stochastic Outcomes

Friedrichsen, Jana; Momsen, Katharina; Piasenti, Stefano - 2020

Intentions play a fundamental role in many situations characterized by nonsimultaneous interaction from principal-agent settings in firms to the international task of protecting the environment and the climate. We experimentally investigate how decision makers (DMs) respond to perceived...

Persistent link: https://www.econbiz.de/10012609040

When do fiscal consolidations lead to consumption booms? Lessons from a laboratory experiment

Geiger, Martin; Luhan, Wolfgang; Scharler, Johann - 2015

expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of … savings in anticipation of the consolidation and may start to reduce their savings to support consumption once it occurs. We … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …

Persistent link: https://www.econbiz.de/10011382733

Motivated reasoning, information avoidance, and default bias

Momsen, Katharina; Schneider, Sebastian O. - 2022

We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation options worth $100, we vary the availability of...

Persistent link: https://www.econbiz.de/10014319987

Seller opportunism in credence good markets: The role of market conditions

Momsen, Katharina; Ohndorf, Markus - 2022

We report the results of an experiment to systematically investigate the influence of different settings in credence good markets on opportunism in the sellers' decisions. We find that, as predicted by a cognitive dissonance model, the specific choice of the design features might be less...

Persistent link: https://www.econbiz.de/10014319992