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

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  • Banerjee, Priyodorshi
  • Das, Tanmoy

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.

Suggested Citation

  • Banerjee, Priyodorshi & Das, Tanmoy, 2021. "Risky decision under laboratory deadline with experience and indirect self-selection," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
    • Handle: RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635020303749
    DOI: 10.1016/j.jbef.2020.100445
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    References listed on IDEAS

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