Showing 1 - 10 of 126
In a jury decision-making, individuals must compromise in order to reach a group consensus. If individuals compromise for non-rational reasons, such as a preference for conformity or due to erroneous information, then the final decision of the group may be biased. This paper presents original...
Persistent link: https://www.econbiz.de/10009024884
We study Downsian competition in a Mirrleesian model of income taxation. The competing politicians may dier in competence. If politicians engage in vote-share maximization, the less competent politician's policy proposals are attractive to the minority of rich agents, whereas those of the...
Persistent link: https://www.econbiz.de/10009024904
Experimental analyses have identified significant tendencies for individuals to follow herd decisions, a finding which has been explained using Bayesian principles of statistical inference. This paper outlines the results from a herding task designed to extend these analyses. Empirically, we...
Persistent link: https://www.econbiz.de/10008545813
This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The...
Persistent link: https://www.econbiz.de/10005510394
Lab experiments are an increasingly valuable tool for understanding differences in how men and women are treated in the labour market. Dr Ghazala Azmat and Professor Barbara Petrongolo explore what has been learned about the extent to which differences in men and women's pay and employment...
Persistent link: https://www.econbiz.de/10010765692
This paper proposes a dynamic model of bargaining to analyze decentralized markets where buyers and sellers obtain information about past deals through their social network. There is a unique equilibrium outcome which depends crucially on the peripheral (least connected) individuals in each...
Persistent link: https://www.econbiz.de/10010890020
In-group favouritism behaviour is observed everywhere around the world and previous research has shown that this behaviour is also easily triggered in a laboratory in various contexts. However, little is known about why different magnitudes of in-group favouritism are observed across societies....
Persistent link: https://www.econbiz.de/10008764808
We discuss the contribution of the experimental literature to the understanding of both traditional and previously unexplored dimensions of gender differences and discuss their bearings on labor market outcomes. Experiments have offered new findings on gender discrimination, and while they have...
Persistent link: https://www.econbiz.de/10010754464
People do not psychologically benefit from economic expansions nearly as much as they suffer from recessions, according to research by JanEmmanuel De Neve and colleagues.
Persistent link: https://www.econbiz.de/10011123598
Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth is experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...
Persistent link: https://www.econbiz.de/10011196452