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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
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 … 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
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/10004965212
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
It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...
Persistent link: https://www.econbiz.de/10014175928
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
The paper explores the applicability of the satisficing approach. Inparticular, we investigate whether basic principles of aspiration formationand satisficing behavior are transferable between similar situations.Individuals are sequentially confronted with two risky investmenttasks, a simple and...
Persistent link: https://www.econbiz.de/10005866716
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