.... Despite this material disincentive, 37 of 60 First Movers (62%) chose to appeal to the empathy of the Second Mover by putting some wealth at risk. In response, Second Movers made the materially costly trustworthy choice in 17 of the 37 cases (or 46% of the time). Corresponding author Mark A. Pingle...

...Shinsuke Ikeda; Eiji Yamamura; Yoshiro Tsutsui Based on unique panel data from a five-wave internet survey in Japan, we show how the coronavirus disease 2019 (COVID-19) pandemic affects people’s prospect-theory risk preferences, especially in the loss domain. The panel analysis indicates...

...Quang Thong Truong; Quang Nguyen; Duc Can Vu; Tien Dung Pham; Thanh Binh Phan This study aims to explore the link between risk preferences and microfinance default behavior. An interesting aspect of our study is to conduct a field experiment with 164 Vietnamese microfinance borrowers. We first...

...Miguel Luzuriaga This paper experimentally investigates how people take risk with other people’s money, and specifically, whether risk-taking is influenced by information about others. Before choosing the degree of risk another person must bear, subjects get information about the other person’s...

... the probability of a good outcome. © 2016 W. Güth, M. Ploner, and I. Soraperra 2016 W. Güth, M. Ploner, and I. Soraperra Licensed re-use rights only WTP-WTA gap Risk Elicitation mechanisms Probability weighting D81 D03 C91 The endowment effect, i.e., that sellers attach higher value...