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measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the … investment task. Moreover,emotions were explicitly measured, including anticipatory emotions experienced during the waitingperiod …-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly …
Persistent link: https://www.econbiz.de/10011374397
We relax assumptions on individual risk preference, and set two theoretical rules for portfolio choices: either minimize or maximize risk, for any return. Risk is modeled by four alternative formulas. We empirically test these rules by observing N=690 individuals (Caucasians, bank customers and...
Persistent link: https://www.econbiz.de/10013000124
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and …
Persistent link: https://www.econbiz.de/10013307955
processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …
Persistent link: https://www.econbiz.de/10010188142
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
experiment where the decision maker draws twice with replacement in the typical Ellsberg two-color urns, but with a different …
Persistent link: https://www.econbiz.de/10011801484
principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are …
Persistent link: https://www.econbiz.de/10014182702
We experimentally investigate purchase decisions with linear and non-linear pricing under risk. The experiment is based …
Persistent link: https://www.econbiz.de/10014224223
Persistent link: https://www.econbiz.de/10013032503
We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in endowed variance, although the effect is considerably...
Persistent link: https://www.econbiz.de/10012890580