endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …

endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …

costs and uncertainty. We construct a laboratory experiment that enables us to compare the timing of participants' exit … show that incentives affect decision making not only by affecting the payoffs of different outcomes but also by distorting … information processing, which in turn affects how decision-makers see the relative likelihood of different outcomes. This suggests …

This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts …, from a management perspective it is important to know the risk assessment competencies of these professionals and to know … how these could be biased. Or research focuses on the competencies of these risk management professionals and how they …

uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing … language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … asked to answer an extensive questionnaire covering risk perception and individual characteristics such as Big 5 personality …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative … sample of 450 subjects, and find that the measure is a good predictor of actual risk-taking behavior. We use a more standard …

This paper compares two prominent empirical measures of individual risk attitudes - the Holt and Laury (2002) lottery … respect to (a) their within-subject stability over time (one year) and (b) their correlation with actual risk-taking behaviour … shows the expected correlations with a Big Five personality measure and is correlated with actual risk-taking behaviour. The …

Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this … paper, we deploy an artefactual field experiment and study whether subjects - non-professionals and - financial … subjects attach informational value to sociodemographic information when assessing others' risk attitudes. This provides …