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Illusion of control and the pursuit of authority

Sloof, Randolph; Siemens, Ferdinand von - 2014

In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right concerning the choice between two real effort tasks. We also elicit for each participant her change in beliefs about the likelihood of receiving her preferred task if she rather than...

Persistent link: https://www.econbiz.de/10010347041

Illusion of expertise in portfolio decisions : an experimental approach

Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - 2001

Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...

Persistent link: https://www.econbiz.de/10011408429

What influences overprecision in judgmental forecasting?

Czupryna, Marcin; Kubinska, Elżbieta - In: Romanian journal of economic forecasting 22 (2019) 3, pp. 117-131

Persistent link: https://www.econbiz.de/10012420528

Illusion of control and the pursuit of authority

Sloof, Randolph; Siemens, Ferdinand von - In: Experimental economics : a journal of the Economic … 20 (2017) 3, pp. 556-573

Persistent link: https://www.econbiz.de/10011781633

Privacy, time consistent optimal labor income taxation and education policy

Konrad, Kai A. - 1999

income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second …

Persistent link: https://www.econbiz.de/10010262302

Monitoring and privacy in automobile insurance markets with moral hazard

Filipova, Lilia - 2007

may choose the precision of monitoring. Also privacy costs incurred thereby are taken into account. Two alternative … data. With any contract scheme some monitoring will be optimal unless the privacy costs increase too fast in relation to … the precision of the monitoring signal. In the benchmark situation (without privacy costs) relying completely on both …

Persistent link: https://www.econbiz.de/10010266128