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uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … present a novel experiment where subjects can compete against each other, but where the number of winners is either uncertain … experiments on gender differences in competition may have measured a lower bound of differences between men and women. …
Persistent link: https://www.econbiz.de/10011719839
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With the rise of experimental research in the social sciences, numerous methods to elicit and classify people's risk attitudes in the laboratory have evolved. However, evidence suggests that people's attitudes towards risk may change considerably when measured with different methods. Based on a...
Persistent link: https://www.econbiz.de/10012098392
to cognitive limitations. Our findings from a controlled laboratory experiment suggest that the two dimensions capture …
Persistent link: https://www.econbiz.de/10009734688
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
Persistent link: https://www.econbiz.de/10012262354
Risk-assessment and risk-taking in various forms are among the most important tasks financial professionals face in their daily work. A large body of experimental studies has shown a substantial effect of the decision domain (gain vs loss domain) on risk-taking, predominantly among students. In...
Persistent link: https://www.econbiz.de/10012019643
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eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …
Persistent link: https://www.econbiz.de/10009737080
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
experiment is related to children’s risk attitudes and intertemporal choices. Examining such a relationship is motivated by …
Persistent link: https://www.econbiz.de/10010401354