Showing 1 - 10 of 9,715
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
Persistent link: https://www.econbiz.de/10010343945
This paper investigates if and how other-regarding preferences governing giving decisions in dictator games are affected in risky environments in which the payoff of the recipient is random. We demonstrate that, whenever the risk is actuarially neutral, the donation of dictators with a purely ex...
Persistent link: https://www.econbiz.de/10012911354
experiment, we introduce exogenous variation in the opportunity costs of time. Contrary to claims in the previous literature, we … positive correlation between decision time and the probability of making mistakes. Such behavior is compatible with rational … making observable decision errors under risk. …
Persistent link: https://www.econbiz.de/10011962186
We design a laboratory experiment to test for behavioral differences due to observation within a novel arena …
Persistent link: https://www.econbiz.de/10012849467
We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585
losing assets for too long. We use an experiment with real real-options to study one possible behavioral motivation. Studies … that participants' styles of decision-making and risk aversion as well as the interaction of those can assist in predicting …
Persistent link: https://www.econbiz.de/10012422376
Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one’s situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives...
Persistent link: https://www.econbiz.de/10011295782
experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153
A donation may have ambiguous costs or ambiguous benefits. Behavior in a laboratory experiment suggests that …
Persistent link: https://www.econbiz.de/10012152068