Risky Decision Under Laboratory Deadline With Experience and Indirect Self-Selection

62 Pages Posted: 21 Dec 2020

See all articles by Priyodorshi Banerjee

Priyodorshi Banerjee

Indian Statistical Institute - Economic Research Unit

Tanmoy Das

Xavier School of Economics, Xavier University Bhubaneswar

Date Written: November 2020

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.

Keywords: decision under risk, time pressure and deadlines, experience, self-selection, external validity

JEL Classification: C91, D91

Suggested Citation

Banerjee, Priyodorshi and Das, Tanmoy, Risky Decision Under Laboratory Deadline With Experience and Indirect Self-Selection (November 2020). Available at SSRN: https://ssrn.com/abstract=3746108 or http://dx.doi.org/10.2139/ssrn.3746108

Priyodorshi Banerjee (Contact Author)

Indian Statistical Institute - Economic Research Unit ( email )

203 B. T. Road
Calcutta, 700 108
India
91 33 2575 3935 (Phone)
91 33 2575 3981 (Fax)

Tanmoy Das

Xavier School of Economics, Xavier University Bhubaneswar ( email )

Odisha
Bhubaneswar
India

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