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dc.contributor.authorKirchler, Michael
dc.contributor.authorAndersson, David
dc.contributor.authorBonn, Caroline
dc.contributor.authorJohannesson, Magnus
dc.contributor.authorSørensen, Erik Øiolf
dc.contributor.authorStefan, Matthias
dc.contributor.authorTinghög, Gustav
dc.contributor.authorVästfjell, Daniel
dc.date.accessioned2019-06-11T12:10:11Z
dc.date.available2019-06-11T12:10:11Z
dc.date.created2017-06-28T09:13:30Z
dc.date.issued2017
dc.identifier.citationJournal of Risk and Uncertainty. 2017, 54 (1), 37-59.nb_NO
dc.identifier.issn0895-5646
dc.identifier.urihttp://hdl.handle.net/11250/2600496
dc.description.abstractWe experimentally compare fast and slow decisions in a series of Experiments on financial risk taking in three countries involving over 1700 subjects. To manipulate fast and slow decisions, subjects were randomly allocated to responding within 7 Seconds (time pressure) or waiting for at least 7 or 20 seconds (time delay) before responding. To control for different effects of time pressure and time delay on measurement noise, we estimate separate parameters for noise and risk preferences within a random utility framework. We find that time pressure increases risk aversion for gains and risk taking for losses compared to time delay, implying that time pressure increases the reflection effect of Prospect Theory. The results for gains are weaker and less robust than the results.nb_NO
dc.language.isoengnb_NO
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectprospect theorynb_NO
dc.subjectexperimental economicsnb_NO
dc.subjecttime pressurenb_NO
dc.subjectmeasurement noisenb_NO
dc.titleThe Effect of Fast and Slow Decisions on Financial Risk Takingnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212nb_NO
dc.source.pagenumber37-59nb_NO
dc.source.volume54nb_NO
dc.source.journalJournal of Risk and Uncertaintynb_NO
dc.source.issue1nb_NO
dc.identifier.doi10.1007/s11166-017-9252-4
dc.identifier.cristin1479355
cristin.unitcode191,30,0,0
cristin.unitnameInstitutt for samfunnsøkonomi
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode2


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