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Incentive effects on risk attitude in small probability prospects

Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

Persistent link: https://www.econbiz.de/10010277023

Risk attitude, beliefs, and information in a corruption game: An experimental analysis

Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2012

For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …

Persistent link: https://www.econbiz.de/10010291803

Risk attitude, beliefs, and information in a corruption game: An experimental analysis

Berninghaus, Siegfried K.; Haller, Sven; Krüger, Tyll; … - 2010

For our experiment on corruption we designed a coordination game to model the influence of risk attitudes, beliefs, and …

Persistent link: https://www.econbiz.de/10010301733

Experiments on risk attitude: The case of Chinese students

Sasaki, Shunichiro; Xie, Shiyu; Ohtake, Fumio; Qin, Jie; … - 2006

subjects were more risk averse in the buying experiment than in the selling experiment, suggesting the endowment effect. In the … selling experiment, subjects were risk loving when there was a low win probability and risk averse with a high win probability …, whereas they were risk averse in the buying experiment. Using the prize money won during the experiment as a measure of wealth …

Persistent link: https://www.econbiz.de/10010332238

The determinants of managerial decisions under risk

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

experimentally why, and under which conditions, leaders resort to such decisions. In our experiment, teams are presented with several …

Persistent link: https://www.econbiz.de/10010293435

Are smarter people really less risk averse?

Sousa, Sergio - 2010

Using hypothetical lottery choices to measure risk preferences, Frederick (2005) finds that higher cognitive ability is associated with less risk aversion. This paper documents, however, that when using an incentive compatible measure of risk preference, attitudes towards risk are not associated...

Persistent link: https://www.econbiz.de/10010277498

Gender differences in risk aversion: Do single-sex environments affect their development?

Booth, Alison; Sosa, Lina Cardona; Nolen, Patrick - 2011

economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …

Persistent link: https://www.econbiz.de/10010282545

The power of reasoning: Experimental evidence

Dugar, Subhasish; Bhattacharya, Haimanti - 2008

This paper presents an experimental investigation of how a systematic variation in the cognitive demands on subjects affects the optimal play. The innovation of this paper is the choice of a game, which we call the Game of Position. This is a two-player zerosum game characterized by a...

Persistent link: https://www.econbiz.de/10010288060

Reciprocity and emotions when reciprocators know each other

Reuben, Ernesto; van Winden, Frans - 2006

This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...

Persistent link: https://www.econbiz.de/10010261421

An Experimental Investigation of the Disparity between WTA and WTP for Lotteries

Traub, Stefan; Schmidt, Ulrich - 2006

In this paper we experimentally investigate the disparity between willingness-to-accept (WTA) and willingness-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a lottery when asking the WTP question. Our results show...

Persistent link: https://www.econbiz.de/10010296262