Showing 1 - 10 of 13
In the context of eliciting preferences for decision making under risk, we ask the question: "which might be the 'best' method for eliciting such preferences?". It is well known that different methods differ in terms of the bias in the elicitation; it is rather less well-known that different...
Persistent link: https://www.econbiz.de/10010272943
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...
Persistent link: https://www.econbiz.de/10010277030
In this paper, we first replicated Harrison et al. (2012). Then, we studied if the group's size has an impact on group's risk aversion. In line with Harrison et al. (2012), our results confirm that no significant differences occur between individuals and groups risk aversion in three-person...
Persistent link: https://www.econbiz.de/10011556606
. Since the experiments were spread out more than one year, our results suggest that there is a component of distributional …
Persistent link: https://www.econbiz.de/10012009014
In this paper we investigated group size impact on risk aversion when a majority rule is applied. Drawing on the widely used Holt and Laury’s (2002) lottery pairs, we observed a risky shift for both individual and groups regardless of their size. However, groups choices are shown to be closer...
Persistent link: https://www.econbiz.de/10011785074
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...
Persistent link: https://www.econbiz.de/10003985726
The recent literature on individual vs. group decisions over risk has brought about divergent results, mainly depending on the institutional rules through which groups take decisions. While some studies where group decisions relied on the majority rule showed no appreciable difference between...
Persistent link: https://www.econbiz.de/10012956112
In this paper, we investigate individuals’ investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their relative position...
Persistent link: https://www.econbiz.de/10014186505
Departures from self-interest in economic experiments have recently inspired models of ?social preferences?. We design … a range of simple experimental games that test these theories more directly than existing experiments. Our experiments … motivated by reciprocity: They withdraw willingness to sacrifice to achieve a fair outcome when others are themselves unwilling …
Persistent link: https://www.econbiz.de/10014159132
responses, however, when the first movers misbehave. As in earlier experiments without preference expression, subjects assign a …. There is suggestive evidence that positive reciprocity is enhanced when a preference for favorable treatment is expressed …
Persistent link: https://www.econbiz.de/10014093709