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
Englisch

Erschienen in
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
risk-taking
mode-of-choice
status quo effect
omission bias

Ereignis
Geistige Schöpfung
(wer)
König-Kersting, Christian
Lohse, Johannes
Merkel, Anna
Ereignis
Veröffentlichung
(wer)
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
(wo)
Innsbruck
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • König-Kersting, Christian
  • Lohse, Johannes
  • Merkel, Anna
  • University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)

Entstanden

  • 2020

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