Arbeitspapier
Active and Passive Risk-Taking
Risk-taking may depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking). We develop a new experimental risk-elicitation procedure, the Dynamic Lottery Adjustment Task, and employ it across two separate experiments to study the size and direction of potential mode-of-choice effects (i.e. differences in risk-taking between active and passive decision modes). While our tightly controlled lab study provides little evidence for such effects, we find substantial evidence for mode-of-choice effects when decisions are spread out over 10 days and attention costs are a key feature of the online choice environment we use.
- Sprache
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Englisch
- Erschienen in
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Series: Working Papers in Economics and Statistics ; No. 2020-04
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Design of Experiments: Laboratory, Individual
- Thema
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risk-taking
mode-of-choice
status quo effect
omission bias
- Ereignis
-
Geistige Schöpfung
- (wer)
-
König-Kersting, Christian
Lohse, Johannes
Merkel, Anna
- Ereignis
-
Veröffentlichung
- (wer)
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University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
- (wo)
-
Innsbruck
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- König-Kersting, Christian
- Lohse, Johannes
- Merkel, Anna
- University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
Entstanden
- 2020