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Gender differences in ultimatum games: Despite rather than due to risk attitudes

García-Gallego, Aurora; Georgantzís, Nikolaos; … - In: Journal of Economic Behavior & Organization 83 (2012) 1, pp. 42-49

We analyze experimental data obtained from an ultimatum game framed as a situation of employee–employer negotiation over salaries. Parallel to this, we elicit subjects’ risk attitudes. In the existing literature, it has often been conjectured that gender differences in strategic environments...

Persistent link: https://www.econbiz.de/10011048068

Quasi-Rational R&D Behavior in an Environment with Fundamental Uncertainty

Erlei, Mathias; Dimmig, Anne-Kathrin - Institut für Wirtschaftswissenschaft, Technische … - 2012

uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …’ behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …

Persistent link: https://www.econbiz.de/10010737505

How performance based payoffs influence estimates of complex information? An experimental study on quality and precision in estimation tasks

Kroll, Eike Benjamin; Rieger, Jörg; Vogt, Bodo - Fakultät für Wirtschaftswissenschaften, Karlsruhe … - 2011

information and the introduction of performance-based payoffs have an influence on judgement. Therefore, an experiment is designed …

Persistent link: https://www.econbiz.de/10009151101

Overconfidence, risk aversion and (economic) behavior of individual traders in experimental asset markets

Michailova, Julija - Volkswirtschaftliche Fakultät, … - 2010

each of the asset markets, were sufficient to cause this effect. In the second part of experiment, post hoc assessment of … risk aversion was implemented in a sample of former participants of the asset market experiment (32 persons). The presented …

Persistent link: https://www.econbiz.de/10008694158

High stakes behavior with low payoffs: Inducing preferences with Holt–Laury gambles

Dickhaut, John; Houser, Daniel; Aimone, Jason A.; Tila, … - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 183-189

Kahneman and Tversky (1979) argued that risky decisions in high stakes environments can be informed using questionnaires with hypothetical choices. Yet results by Holt and Laury (2002) suggest that questionnaire responses and decisions in hypothetical and low monetary payoff environments do not...

Persistent link: https://www.econbiz.de/10010719274

Money does Not Induce Risk Neutral Behavior, but Binary Lotteries Do even Worse

Selten, Reinhard; Sadrieh, Abdolkarim; Abbink, Klaus - University of Bonn, Germany - 1995

experiment presented here involved lottery choice and valuation tasks. One subject group was paid in binary lottery tickets …

Persistent link: https://www.econbiz.de/10004968262

Insurance Decision-Making For Rare Events: The Role Of Emotions

Kunreuther, Howard; Pauly, Mark - National Bureau of Economic Research (NBER) - 2015

This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how …

Persistent link: https://www.econbiz.de/10011133524

Firma Başarısızlığının Dinamiklerinin Belirlenmesinde Makina Öğrenmesi Teknikleri: Ampirik Uygulamalar ve Karşılaştırmalı Analiz

Cakir, Murat - Volkswirtschaftliche Fakultät, … - 2005

Recent financial crises and especially large corporate bankruptcies, have led bank managements and financial authorities to follow and monitor both financial and real sector risks, and to focus on firm failures. Bank of International Settlements, has therefore, taken the decision to include the...

Persistent link: https://www.econbiz.de/10011111559

On skewed risks in economic models and experiments

Ebert, Sebastian - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 85-97

Many of the most significant risks that people face in their lives are left-skewed, i.e., imply large losses with only small probability. I characterize skewness in binary risks, which are widely applied in both economic models and experiments. Moreover, I provide an explicit re-parametrization...

Persistent link: https://www.econbiz.de/10011263926

How Does Socio-Economic Status Shape a Child's Personality?

Deckers, Thomas; Falk, Armin; Kosse, Fabian; … - Institute for the Study of Labor (IZA) - 2015

We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...

Persistent link: https://www.econbiz.de/10011265283