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the lab | herethe amount sent in a trust game (Berg, Dickaut, McCabe, 1995). As it turns out,the measures themselves are … correlations with a Big Five personality measure and iscorrelated with actual risk-taking behaviour. The results suggest that the …. Moreover, with respect to trust, the highre-test stability of trust transfers (p = :70) further supports the conjecture that …
Persistent link: https://www.econbiz.de/10009302654
inter-organisational trust. The proposed method of validating personality questionnaires and the obtained personality …We investigate an experimental representatives' trust game which resembles trust relationships between representatives … of organisations. Personality traits of subjects are elicited by a personality questionnaire (Cattell's 16 PF-R) which is …
Persistent link: https://www.econbiz.de/10005853919
understand the underlying motives of women (and men) toenter a competition or avoid it. We use the Big Five personality factors …
Persistent link: https://www.econbiz.de/10009248986
In this paper the authors experimentally test overconfidence in investment decisions by ordering participants the possibility to substitute their own for alternative investment choices.
Persistent link: https://www.econbiz.de/10005845213
We study properties of structured financial products optimizing a utility functional of a customer. The conventional method may have the disadvantage that the a priori restriction to a certain number of assets could make it impossible to find the optimal portfolio. So instead of optimizing the...
Persistent link: https://www.econbiz.de/10005858026
This study investigates loss aversion when the reference point is state-dependent.Using a state-dependent structure, prospects are more attractive if they depend positively on the reference point and are less attractive in case of negative dependence. In addition, the structure is neutral in the...
Persistent link: https://www.econbiz.de/10005858208
Few micro…nance-funded businesses grow beyond subsistence entrepreneur-ship. This paper considers one possible explanation: that the structure ofexisting micro…nance contracts may discourage risky but high-expected returninvestments. To explore this possibility, I develop a theory that uni…es...
Persistent link: https://www.econbiz.de/10008845708
Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of money in a risky asset when face with two different methods of control which have identical payoff structure and probability distribution, but provide different sense of control....
Persistent link: https://www.econbiz.de/10009022161
Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the soleindex of risk attitude. (Cumulative) Prospect...
Persistent link: https://www.econbiz.de/10009022172
Two rationality arguments are used to justify the link between condi-tional and unconditional preferences in decision theory: dynamic consistencyand consequentialism. Dynamic consistency requires that ex ante contingentchoices are respected by updated preferences. Consequentialism states...
Persistent link: https://www.econbiz.de/10009249016