| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6815 |
| DP6815 Other-Regarding Preferences in General Equilibrium | |
| Georg Kirchsteiger; Paul Heidhues; Frank Riedel; Martin Dufwenberg; Joel Sobel | |
| 发表日期 | 2008-05-25 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This experimental study is concerned with the impact of the timing of the resolution of risk on people?s willingness to take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only inferred from decisions regarding hypothetical choice problems, we had participants put their own money at risk in a real investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting period under delayed resolution (which involved two days). Affective traits and risk attitudes were measured through a web-based questionnaire before the experiment and participants? preferences for resolution timing, risk, and time were incentive compatibly measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the risk involved, and that (among all the measures considered) only emotions can explain our results, albeit in ways that are not captured by existing models. |
| 主题 | Industrial Organization |
| 关键词 | Investment decision Delayed resolution of risk Emotions Experiment |
| URL | https://cepr.org/publications/dp6815 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535669 |
| 推荐引用方式 GB/T 7714 | Georg Kirchsteiger,Paul Heidhues,Frank Riedel,et al. DP6815 Other-Regarding Preferences in General Equilibrium. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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