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The determinants of managerial decisions under risk

Kocher, Martin; 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/10009731792

The determinants of managerial decisions under risk

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

Persistent link: https://www.econbiz.de/10003738425

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/10011523286

Active and passive risk-taking

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

Does risk-taking depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking)? Economic studies of risk mostly focus on active risk-taking, even though in many everyday decisions, risks result from remaining passive. It is unclear whether...

Persistent link: https://www.econbiz.de/10012203407

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/10012312915

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/10012036081

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 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/10012591195

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/10014507161

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

Geiger, Martin; Luhan, Wolfgang J.; 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/10010509128

Financial literacy, economic preferences, and adolescents' field behavior

Razen, Michael; Huber, Jürgen; Hueber, Laura; … - 2020

Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...

Persistent link: https://www.econbiz.de/10012203420