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In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be …. We find that the skewness of a distribution has a significant impact on the decisions. Yet, while skewness has an impact …, its direction differs substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10 …
Persistent link: https://www.econbiz.de/10010294775
In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered … ¯nd that the skewness of a distribution has a signi¯cant impact on the decisions. Yet, while skewness has an impact, its … direction di®ers substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10% seem to …
Persistent link: https://www.econbiz.de/10010275666
In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered … ï¬nd that the skewness of a distribution has a signiï¬cant impact on the decisions. Yet, while skewness has an impact …, its direction differs substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10 …
Persistent link: https://www.econbiz.de/10005090514
variance, positive skewness, and smaller kurtosis. This information, in turn, enables decision makers to determine the ASD …
Persistent link: https://www.econbiz.de/10011112992
, investors prefer the one with positive gain, smaller variance and positive skewness. This information, in turn, enables decision …
Persistent link: https://www.econbiz.de/10011113097
We investigate the influence of skewness in asset fundamentals on asset prices under different states of uncertainty in …, prices of all assets, irrespective of skewness, are very efficient from the beginning. Thus, when probabilities are not …
Persistent link: https://www.econbiz.de/10011116881
In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered … find that the skewness of a distribution has a significantimpact on the decisions. Yet, while skewness has an impact, its … directiondi®ers substantially across subjects: 39% of our subjects act in accordancewith skewness seeking and 10% seem to avoid …
Persistent link: https://www.econbiz.de/10005866533
Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental evidence is mixed. In our within-subject design, money...
Persistent link: https://www.econbiz.de/10010519127
In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be …. We find that the skewness of a distribution has a significant impact on the decisions. Yet, while skewness has an impact …, its direction differs substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10 …
Persistent link: https://www.econbiz.de/10009734686
In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered … find that the skewness of a distribution has a significant impact on the decisions. Yet, while skewness has an impact, its … direction differs substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10% seem to …
Persistent link: https://www.econbiz.de/10012728702