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the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that …
Persistent link: https://www.econbiz.de/10011476573
The recent literature on individual vs. group decisions over risk has brought about divergent results, mainly depending on the institutional rules through which groups take decisions. While some studies where group decisions relied on the majority rule showed no appreciable difference between...
Persistent link: https://www.econbiz.de/10012956112
different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while …
Persistent link: https://www.econbiz.de/10012851581
We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational …
Persistent link: https://www.econbiz.de/10013315609
Having an accurate account of preferences help governments design better policies for their citizens, organizations develop more efficient incentive schemes for their employees and adjust their product to better suit their clients' needs. The plethora of elicitation methods most commonly used...
Persistent link: https://www.econbiz.de/10014319143
We develop an experimental method to elicit subjective beliefs about the ordering of mortality risk over different … financial incentive to respond truthfully. We also consider the extent to which individuals have subjective beliefs for sub …-segments of the population that are more accurate than their beliefs about the risks for the population as a whole. We propose …
Persistent link: https://www.econbiz.de/10014065868
Uncertainty-seeking behavior is currently understood as the result of loss aversion which motivates a preference for the possibility to avoid or lessen an otherwise sure loss. However, when choosing among negative options on behalf of others, we offer responsibility aversion as another possible...
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