Illusion of expertise in portfolio decisions: an experimental approach
Article Abstract:
Overconfidence, unrealistic optimism and illusion of control are egocentric biases of an individual, which are examined in financial decision making. A random price mechanism, which is described, shows that subjects prefer their own portfolio to the average or the expert's portfolio.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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Fairness versus efficiency: An experimental study of (mutual) gift giving
Article Abstract:
Efficiency is a potentially competing concern in games whereas fairness is a strong concern as shown by dictator and ultimatum experiments. The topic is explained with a gift giving procedure, also stating that the gift givers are not in a disadvantage.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2003
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Evolutionary parallelism versus co-evolution: a comment on Joseph Henrich
Article Abstract:
The natural biological basis for altruism and non-opportunistic behavior in large-scale interaction among strangers are discussed. The way Joseph Henrich dealt with evolutionary parallelism and co-evolution is presented.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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