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experiment affects risk taking. Controlling for past winnings, participants receiving a low endowment in a round engage in more …The paper reports the result of an experimental game on asset integration and risk taking. We find some evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the …
Persistent link: https://www.econbiz.de/10013012145
laboratory experiment, either the decision maker (giving frame) or the recipient (taking frame) receives an endowment. In both …
Persistent link: https://www.econbiz.de/10013219117
increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that …
Persistent link: https://www.econbiz.de/10013083023
- joviality, sadness, fear, and anger - on risk attitudes. In order to do so, we fit two models of behaviour under risk: the … weighting function. Our results indicate that all emotional states instigate risk-seeking behaviour. Furthermore, we show that …
Persistent link: https://www.econbiz.de/10010252392
We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings …. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding … different social settings under controlled conditions. We elicit higher-order risk preferences of individuals and systematic …
Persistent link: https://www.econbiz.de/10010417190
Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10011500169
) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …
Persistent link: https://www.econbiz.de/10011390544
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …. The estimated coefficient of relative risk aversion, gamma, varies widely across individual subjects (consistent with EUH … of risk preferences displays similar patterns. The two risk preference measures are highly correlated with each other for …
Persistent link: https://www.econbiz.de/10011812252
Persistent link: https://www.econbiz.de/10010485664
individuals' investment decisions. The results indicate that the type of presentation as well as personal characteristics … influence both, the consistency of decisions and the riskiness of investment choices. However, while personal characteristics … have a larger impact on consistency, the chosen risk level is determined more by framing effects. On the level of personal …
Persistent link: https://www.econbiz.de/10010362891