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Responsibility effects in decision making under risk

Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M. - 2012

We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while in the loss domain we find increased risk seeking. In a...

Persistent link: https://www.econbiz.de/10010311784

Responsibility Effects in Decision Making under Risk

Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M. - 2010

We systematically explore decision situations in which a decision maker bears responsibility for somebody else's outcomes as well as for her own in situations of payoff equality. In the gain domain we confirm the intuition that being responsible for somebody else's payoffs increases risk...

Persistent link: https://www.econbiz.de/10010427574

Worker characteristics and wage differentials: Evidence from a gift-exchange experiment

Englmaier, Florian; Strasser, Sebastian; Winter, Joachim - 2011

There is ample empirical evidence indicating that a substantial fraction of the population exhibits social preferences. Recent work also shows that social preferences influence the effectiveness of incentives in labor relations. Hence when making contracting decisions, employers should take into...

Persistent link: https://www.econbiz.de/10010278887

An Experimental Test of Precautionary Bidding

Pahlke, Julius; Kocher, Martin; Trautmann, Stefan T. - 2010

Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...

Persistent link: https://www.econbiz.de/10010276866

An Experimental Study of Precautionary Bidding

Kocher, Martin; Pahlke, Julius; Trautmann, Stefan - 2013

Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...

Persistent link: https://www.econbiz.de/10010329232

Wachstumsfaktor Telekommunikation: Zum Beitrag der Telekommunikationsbranche zur wirtschaftlichen Entwicklung in Deutschland. Endbericht

Pavel, Ferdinand; Girard, Yann; Hantzsche, Arno; … - 2014

und innovativer Telekommunikationssektor leistet somit wesentliche Beiträge zum Wachstum einer Volkswirtschaft. In … Marktöffnung des Festnetzbereichs zum Ende der 1990er Jahre und der darauf folgenden Intensivierung des Wettbewerbs hat sich die … Branche sehr dynamisch entwickelt und signifikant zum Wirtschaftswachstum in Deutschland beigetragen. Dies gilt sowohl für …

Persistent link: https://www.econbiz.de/10010334391

An Experimental Test of Precautionary Bidding

Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - 2010

Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers’ private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...

Persistent link: https://www.econbiz.de/10010427591

Tempus Fugit: Time Pressure in Risky Decisions

Kocher, Martin G.; Pahlke, Julius; Trautmann, Stefan T. - 2011

We study the effects of time pressure on risky decisions for pure gain prospects, pure loss prospects, and mixed prospects involving both gains and losses. In an experiment we find that risk aversion for gains is robust under time pressure whereas risk seeking for losses turns into risk aversion...

Persistent link: https://www.econbiz.de/10010427593

Drivers of Thermal Retrofit Decisions – A Survey of German Single- and Two-Family Houses

Novikova, Aleksandra; Vieider, Ferdinand M.; Neuhoff, … - 2011

energetische Sanierungsrate von derzeit 0,8 % auf 2,0 % pro Jahr gesteigert werden. Um festzustellen, wie durch neue und bestehende …-dungsfindung den Eigentümer von Ein- und Zweifamilienhäuser für eine Sanierungsentscheidung durchlaufen. Sie basiert auf der Befragung … planen, und 3. Haushalte, die innerhalb der letzten fünf Jahre eine Sanierung durchgeführt haben. …

Persistent link: https://www.econbiz.de/10010310446

Beweggründe für Sanierungsentscheidungen – Eine Umfrage unter Ein- und Zweifamilienhausbesitzern

Novikova, Aleksandra; Vieider, Ferdinand M.; Neuhoff, … - 2011

Persistent link: https://www.econbiz.de/10010310609