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We examine the relationship between confidence in own absolute performance and risk attitudes using two elicitation … general underconfidence, which is significantly reduced, but not eliminated when we filter out the effects of risk attitudes …. Finally, we find that self-reported confidence correlates significantly with features of individual risk attitudes including …
Persistent link: https://www.econbiz.de/10010439679
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …
Persistent link: https://www.econbiz.de/10014179096
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010371298
reversal ; risk ; time inconsistency ; real-effort experiment …We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …
Persistent link: https://www.econbiz.de/10008758953
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
environments modify students’ risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth …
Persistent link: https://www.econbiz.de/10013315609
We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …
Persistent link: https://www.econbiz.de/10013132029
Exchange economies were created in which individuals faced losses. If people are risk seeking in the losses, as … Edgeworth Box. The experimental results are that risk-seeking behavior is observed in many people and appears in markets as …, risk seeking seems to diminish with experience; preferences in the market setting are not labile; and risk …
Persistent link: https://www.econbiz.de/10014059239
the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large … risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing …
Persistent link: https://www.econbiz.de/10014213814
This paper presents the results of an experiment that demonstrates that personality may have a significant impact on … probability distributions they face. In that environment, one with risk only, the infl‡uence of personality vanishes and the only … factor that determines choice is a decision maker’s coefficient of risk aversion …
Persistent link: https://www.econbiz.de/10014177100