Showing 1 - 10 of 73,693
This research verifies the existence of the aversion to uncertainty bias in individual financial decisions. It also … evaluates the effects of gender and knowledge in this bias. We considered a sample of 80 undergraduate management students from … Universidade Católica de Brasília. The results supported the existence of the uncertainty bias amongst individuals facing financial …
Persistent link: https://www.econbiz.de/10014138921
explained as resulting from anchoring. However, experiments presented in support of this interpretation lack economic conditions … forecasting experiment, we find monetary incentives to substantially reduce and higher task complexity and risk to increase the … bias. Anchors ubiquitously reduce the forecasts' variance, while individual cognitive abilities and learning effects show …
Persistent link: https://www.econbiz.de/10013035246
decision makers in the family and the society. We test these alternative hypotheses running Dictators experiments in Italy, a …
Persistent link: https://www.econbiz.de/10010488294
In this paper we reply to Binmore and Shaked's criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social...
Persistent link: https://www.econbiz.de/10003848846
Betrayal aversion has been operationalized as the evidence that subjects demand a higher risk premium to take social risks compared to natural risks. This evidence has been first shown by Bohnet and Zeckhauser (2004) using an adaptation of the Becker-DeGroot-Marshak mechanism (BDM, Becker et al....
Persistent link: https://www.econbiz.de/10010530639
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted … directly with people in Uganda and Tanzania, two of the world's poorest countries. In this experiment, the participants were …. First, entitlement considerations are crucial in explaining the distributive behavior of rich people in the experiment …
Persistent link: https://www.econbiz.de/10011377115
This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...
Persistent link: https://www.econbiz.de/10011317472
We report the findings of experiments designed to study how people learn in network games. Network games offer new …
Persistent link: https://www.econbiz.de/10011884406
interaction. We constructed an experiment where participants chose the group size, either a low-value partnership or a high …
Persistent link: https://www.econbiz.de/10011713754
foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing …
Persistent link: https://www.econbiz.de/10011555141