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Testing Models of Belief Bias: An Experiment

Coutts, Alexander - 2015

operate remains limited. To better understand these biases I conduct an experiment examining beliefs about binary events with … financial stakes. By varying financial prizes in outcomes, as well as incentive payments for accuracy, the experiment is able to …

Persistent link: https://www.econbiz.de/10015249564

Choices About Competition: Differences by gender and hormonal fluctuations, and the role of relative performance feedback.

Wozniak, David - 2009

Economic experiments have shown that when given the choice between piece-rate and winner-take-all tournament style compensation, women are more reluctant than men to choose tournaments. These gender difference experiments have all relied on a similar framework where subjects were not informed of...

Persistent link: https://www.econbiz.de/10015220692

The Menstrual Cycle and Performance Feedback Alter Gender Differences in Competitive Choices

Wozniak, David; Harbaugh, William T.; Mayr, Ulrich - 2009

We use a within-subjects experiment with math and word tasks to show that feedback about relative performance moves …

Persistent link: https://www.econbiz.de/10015227256

Not All Price Endings Are Created Equal: Price Points and Asymmetric Price Rigidity

Snir, Avichai; Levy, Daniel; Gotler, Alex; Chen, Haipeng - 2012

: a laboratory experiment, a field study, and a large US supermarket chain, to study the cognitive underpinning and the …

Persistent link: https://www.econbiz.de/10015234383

Anchoring Heuristic and the Equity Premium Puzzle

Siddiqi, Hammad - 2015

I model a scenario in which investors do not know the payoff distributions of relatively newer firms and use the payoff distribution of similar well-established firms as starting points. The starting distributions are then adjusted for size, volatility, and other differences. Anchoring bias...

Persistent link: https://www.econbiz.de/10015250143

Anchoring Heuristic and the Equity Premium Puzzle

Siddiqi, Hammad - 2015

-premium and low risk-free rate puzzles with a low risk-aversion coefficient, but also provides a unified framework for …

Persistent link: https://www.econbiz.de/10015251023

Make Almost Stochastic Dominance really Almost

Guo, Xu; Wong, Wing-Keung; Zhu, Lixing - 2013

Leshno and Levy (2002) extend stochastic dominance (SD) theory to almost stochastic dominance (ASD) for {\it most} decision makers. When comparing any two prospects, Guo, et al.\ (2013) find that there will be ASD relationship even there is only very little difference in mean, variance,...

Persistent link: https://www.econbiz.de/10015238695

Asset Demand: A Simple Dual Approach

Appelbaum, Elie - 2021

This paper provides a simple framework for obtaining asset demand using indirect utility functions. Assuming expected utility maximization, we show that assets are held according to their mean returns' proportional marginal utility. We also show that an asset's equilibrium equity premium is...

Persistent link: https://www.econbiz.de/10015267903

Overconfidence, Risk Aversion and Individual Financial Decisions in Experimental Asset Markets

Michailova, Julija - 2010

We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment … was followed by post hoc risk aversion measurement. Our results revealed that in the suggested setting, performance and …

Persistent link: https://www.econbiz.de/10015247313

Is Prelec’s function discontinuous at p = 1? (for the Einhorn Award of SJDM)

Harin, Alexander - 2015

of the random–lottery incentive experiments. The results of the well-known experiment support it as well. …

Persistent link: https://www.econbiz.de/10015247773