Risky decision under laboratory deadline with experience and indirect self-selection

Priyodorshi Banerjee and Tanmoy Das

Journal of Behavioral and Experimental Finance, 2021, vol. 29, issue C

Abstract: Prior research has found that variation in the length of deadlines, or their presence, can affect risky choice. We study whether such results are affected if subject experience and some form of self-selection are allowed. We find that choices of experienced and self-selected subjects are immune to temporal aspects, while immunity fails if experienced subjects are not allowed self-selection opportunities. Additionally, we find that experience and self-selection jointly promote safer choice and increased task completion. Our overall evidence indicates that experience as well as self-selection may be issues of importance, particularly in conjunction.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635020303749

DOI: 10.1016/j.jbef.2020.100445

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