A large body of empirical research has examined the impact of trading perspective on
pricing of consumer products, with the typical finding being that selling prices exceed buying …

The endowment effect is the term used to describe a phenomenon that manifests as a
reluctance to relinquish owned artifacts, even when a viable or better substitute is offered. It …

We compare behaviour of students and professional traders from an influential German
bank in an option pricing experiment. The arbitrage free price is independent of the …

The current study tests experimentally whether decision makers' options pricing is biased by
the magnitude of the option's underlying asset outcomes in what is called an anchor effect …

In this paper, we describe three different experiments that explore participants' risk attitude.
When we analyzed the average results, we found that participants behave as the S-shape …

We conduct a laboratory experiment to study whether people intuitively use real-option
strategies in a dynamic investment setting. The participants were asked to play as an oil …

Short selling is a common practice in financial markets. Although there is extensive research
concerning short selling and short sellers, in the behavioral and experimental economics …

The current study tests experimentally whether people's propensity to trust is biased by
uncertainty, complexity, and the presence of numerical anchors in their personal monetary …

The uncertainty effect suggests that people may violate fundamental economic theories by
pricing a binary lottery below its lowest outcome. This article examines the effect of …

Die Erschließung externer Innovationen hat für etablierte Großunternehmen in den letzten
Jahren stetig an Bedeutung gewonnen. Insbesondere junge Wachstumsunternehmen …