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The endowment effect on entrepreneurs : a risky attachment

Echeverry Peñón, Isabela; Reyes Ortega, Santiago - In: Estudios de economía 45 (2018) 2, pp. 231-249

during investment processes. This paper presents an alternate view on the drivers behind entrepreneurs’ risk-taking behavior …This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs …

Persistent link: https://www.econbiz.de/10011982570

Seeking risk or answering smart? : framing in elementary schools

Wagner, Valentin - 2016

This paper investigates how framing manipulations affect the quantity and quality of decisions. In a field experiment … answered questions - seek more risk - pupils in the Negative Treatment seem to increase the quality of answers - answer more …

Persistent link: https://www.econbiz.de/10011543487

Still in search of the sunk cost bias

Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2020

psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …-stage investment task in which an initial investment needs to be made to start a project. In the initial investment stage, the size of … the investment and the responsibility of the investor are exogenously varied. In the second investment stage, participants …

Persistent link: https://www.econbiz.de/10012299784

Overconfidence in investment decisions : an experimental approach

Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - 2001

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute … their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky …

Persistent link: https://www.econbiz.de/10011408444

A model of reference-dependent belief updating

Maier, Johannes K.; König, Clemens - 2016

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...

Persistent link: https://www.econbiz.de/10011557745

The relationship between the income and behavioural biases

R., Renu Isidore; P., Christie - In: Journal of economics, finance & administrative science 24 (2019) 47, pp. 127-144

Purpose - The purpose of this paper is to test the relationship between the annual income earned by the investors and eight behavioural biases exhibited by the investors such as mental accounting, anchoring, gambler's fallacy, availability, loss aversion, regret aversion, representativeness and...

Persistent link: https://www.econbiz.de/10012025401

Optimal frequency of portfolio evaluation in a choice experiment with ambiguity and loss aversion

Bellemare, Charles; Kröger, Sabine; Sossou, Kouamé Marius - In: Journal of econometrics 231 (2022) 1, pp. 248-264

Persistent link: https://www.econbiz.de/10013441984

Do heuristics affect Brazilian investors' decision-making process?

Souza, Virgílio Vasconcelos; Souza, Lucas Lopes Ferreira; … - In: Review of behavioral finance : RBF 16 (2024) 2, pp. 282-299

Persistent link: https://www.econbiz.de/10014515818

Cheating and loss aversion : do people lie more to avoid a loss?

Grolleau, Gilles; Kocher, Martin; Sutan, Angela - 2014

Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...

Persistent link: https://www.econbiz.de/10010412075

Aversion to risk of regret and preference for positively skewed risks

Gollier, Christian - 2016

Persistent link: https://www.econbiz.de/10012216637