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Asset integration, risk taking and loss aversion in the laboratory

Morrison, William G.; Oxoby, Robert J. - 2019

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion, utilizing an asset integration protocol designed to ensure that a loss of cash provided by the experimenter is viewed as a real loss by experimental participants. Our experimental...

Persistent link: https://www.econbiz.de/10011997618

Is diminishing impatience in time-dated risky prospects explained by probability weighting?

Holden, Stein Terje; Tilahun, Mesfin; Sommervoll, Dag Einar - 2022

We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time-dated risky prospects are constant within CLs and are...

Persistent link: https://www.econbiz.de/10012814571

Chapter 4. Assessment and Estimation of Risk Preferences

Holt, Charles A.; Laury, Susan K. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 135-201). 2014

laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between …

Persistent link: https://www.econbiz.de/10014025528

Framing Effects and Impatience : Evidence from a Large Scale Experiment

van der Heijden, Eline - 2013

We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...

Persistent link: https://www.econbiz.de/10013089008

Framing effects and impatience : evidence from a large scale experiment

Heijden, Eline C. van der; Klein, Tobias J.; Müller, … - 2012

Persistent link: https://www.econbiz.de/10009681527

Are decision errors explaining hyperbolic discounting and nonlinear probability weighting?

Holden, Stein Terje; Tione, Sarah; Tilahun, Mesfin; … - 2024

We study risky inter-temporal choice in a large random student sample (n=721) and a large rural sample (n=835) in Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated the identification of near-future Certainty Equivalents of...

Persistent link: https://www.econbiz.de/10014581476

Variation in Risk Seeking Behavior in a Natural Experiment on Large Losses Induced by a Natural Disaster

Page, Lionel - 2012

This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in...

Persistent link: https://www.econbiz.de/10013103582

Variation in risk seeking behavior in a natural experiment on large losses induced by a natural disaster

Page, Lionel; Savage, David; Torgler, Benno - 2012

This study explores people’s risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in...

Persistent link: https://www.econbiz.de/10009571117

Variation in risk seeking behavior in a natural experiment on large losses induced by a natural disaster

Page, Lionel; Savage, David; Torgler, Benno - 2012

Persistent link: https://www.econbiz.de/10009575974

Mistakes, closure and endowment effect in laboratory experiments

Ratan, Anmol - 2012

In this paper, we relax the hard closure property of experiments that have been used to study endowment effect in … careful interpretation of experiments that suggest endowment effectʺ in laboratory conditions. Other implications pertain to … external validity of experiments with hard closure. prospect-theory ; endowment effect ; reference-dependence ; loss aversion …

Persistent link: https://www.econbiz.de/10009559236