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Asset integration, risk taking and loss aversion in the laboratory

Morrison, William G.; Oxoby, Robert J. - 2019

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion, utilizing an asset integration protocol designed to ensure that a loss of cash provided by the experimenter is viewed as a real loss by experimental participants. Our experimental...

Persistent link: https://www.econbiz.de/10011997618

Chapter 4. Assessment and Estimation of Risk Preferences

Holt, Charles A.; Laury, Susan K. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 135-201). 2014

laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between …

Persistent link: https://www.econbiz.de/10014025528

Higher order risk preferences : new experimental measures, determinants and field behavior

Schneider, Sebastian O.; Sutter, Matthias - 2020 - Version of August, 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences particularly prudence are strongly related to adolescents' field behavior,...

Persistent link: https://www.econbiz.de/10012270596

Higher order risk preferences: new experimental measures, determinants and field behavior

Schneider, Sebastian O.; Sutter, Matthias - 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly prudence - are strongly related to adolescents' field...

Persistent link: https://www.econbiz.de/10012270691

Higher order risk preferences : new experimental measures, determinants and field behavior

Schneider, Sebastian O.; Sutter, Matthias - 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly prudence - are strongly related to adolescents' field...

Persistent link: https://www.econbiz.de/10012271496

Higher order risk preferences: new experimental measures, determinants and field behavior

Schneider, Sebastian O.; Sutter, Matthias - 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly prudence - are strongly related to adolescents' field...

Persistent link: https://www.econbiz.de/10012285580

The heritability of economic preferences

Kettlewell, Nathan; Tymula, Agnieszka; Yoo, Hong Il - 2023

We study the heritability of risk, uncertainty, and time preferences using a field experiment with a large sample of adult twins. We also offer a meta-analysis of existing findings. Our field study introduces a novel empirical approach that marries behavioral genetics with structural...

Persistent link: https://www.econbiz.de/10014437546

Mistakes, closure and endowment effect in laboratory experiments

Ratan, Anmol - 2012

In this paper, we relax the hard closure property of experiments that have been used to study endowment effect in … careful interpretation of experiments that suggest endowment effectʺ in laboratory conditions. Other implications pertain to … external validity of experiments with hard closure. prospect-theory ; endowment effect ; reference-dependence ; loss aversion …

Persistent link: https://www.econbiz.de/10009559236

Deal or no deal? : decision-making under risk in a large-payoff game show

Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006

experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous …

Persistent link: https://www.econbiz.de/10011348343

Testing the reference-dependent model : a laboratory search experiment

Miura, Takahiro; Inukai, Keigo; Sasaki, Masaru - 2019

Our paper conducts laboratory experiments with the sequential search model to test whether participants engage in …

Persistent link: https://www.econbiz.de/10012019322