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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Loving The Longshot: Risk Taking With Skewed Gambles, Philip Grossman, Catherine Eckel
Loving The Longshot: Risk Taking With Skewed Gambles, Philip Grossman, Catherine Eckel
Economics Seminar Series
To examine the effect of increased skewness on risk taking, we conduct controlled laboratory experiments. Our instrument is an adaption of the Eckel and Grossman (2002, 2008) risk measure (with six gamble choices). The Eckel and Grossman measure is a simplest, easy to understand, exercise that gives sufficient heterogeneity in choices while at the same time minimizing errors. Its simplicity also makes it easy to adapt. The adapted gamble choices are designed to have the same expected payoffs and risk as the original gamble choices, but to exhibit increasing degrees of right skewness. The adapted instrument is used to address …
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Leadership And Gender: An Experiment, Mana Komai, Philip Grossman
Economics Faculty Working Papers
We present an information based model of leadership in a setting that exhibits the familiar problems of free riding and coordination failure. Leaders have superior information about the value of the project in hand and can send a costly signal to their uninformed followers to persuade them to cooperate in the project. Followers voluntarily choose whether or not to follow the better informed leader. We provide experimental evidence that, when the leaders’ gender is revealed to their followers, female subjects hesitate to lead (send a costly signal) while followers’ behavior does not indicate any gender discrimination. Such behavior is not …