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Impatience, Anticipatory Feelings and Uncertainty:A Dynamic Experiment on Time Preferences

Casari, Marco; Dragone, Davide - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

We study time preferences in a real-effort experiment with a one-month horizon. We report thattwo thirds of choices …

Persistent link: https://www.econbiz.de/10009248914

Recognition-Based and Familiarity-Based PortfolioStrategies – An Experimental Study

Diao, Linan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

more in such stocks”. We conducted an experimentin Jena, Germany to test whether subjects show local bias and use … familiar but not local stocks. Our experiment showsno evidence that familiarity is a reason for local bias. …

Persistent link: https://www.econbiz.de/10009248893

Reinforcement Learning in Repeated Portfolio Decisions

Diao, Linan; Rieskamp, Jörg - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

How do people make investment decisions when they receive outcome feedback? We examinedhow well the standard mean … risk and covariance of the investments into account. The experimental results illustrate thatpeople reacted sensitively to … different correlation structures of the investment alternatives, whichwas best predicted by the extended reinforcement model …

Persistent link: https://www.econbiz.de/10009248894

A Tool for Electronic Instructions in Laboratory Experiments

Schmelz, Katrin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.

Persistent link: https://www.econbiz.de/10009248895

Bidding in common value fair division games: The winner’scurse or even worse?

Becker, Alice; Brünner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

corresponding common value auction.Whereas symmetric risk neutral Nash equilibria are rather similar for both games,behavior differs …

Persistent link: https://www.econbiz.de/10005870973

How norms can generate conflict

Winter, Fabian; Rauhut, Heiko; Helbing, Dirk - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

Norms play an important role in establishing social order. Thecurrent literature focuses on the emergence, maintenance and impactof norms with regard to coordination and cooperation. However, theissue of norm-related conict deserves more attention. We develop ageneral theory of \normative...

Persistent link: https://www.econbiz.de/10005870974

Making the World a better Place: Experimental evidencefrom the generosity Game

Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We study ultimatum and dictator experiments where the first moverchooses the amount of money to be distributed between the playerswithin a given interval, knowing that her own share is fixed. Thus, thefirst mover is faced with scarcity, but not with the typical trade-off betweenher own and the...

Persistent link: https://www.econbiz.de/10005870982

Moral Emotions and Partnership

Bracht, Jürgen; Regner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

Actual behaviour is inuenced in important ways by moral emotions,for instance guilt or shame (see among others Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psycho-logical games aim to consider such emotions to explain other-regardingbehaviour. Our...

Persistent link: https://www.econbiz.de/10009248884

Strategies in Social Network Formation

Conte, Anna; Di Cagno, Daniela; Sciubba, Emanuela - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We run a computerised experiment of network formation where allconnections are benecial and only direct links are … simulated and experimentally gen-erated data to test the determinants of individual behaviour in networkformation. We nd that … test whether subjects follow alternative patterns ofbehaviour and in particular if they: propose links to those from …

Persistent link: https://www.econbiz.de/10009022169

When being wasteful appears better than feeling wasteful

Zultan, Ro’i; Bar-Hillel, Maya; Guy, Nitsan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung …

“Waste not want not” expresses our culture’s aversion to waste. “I could have gotten the samething for less” is a sentiment that can diminish pleasure in a transaction. We study people’s willingnessto “pay” to avoid this spoiler. In one scenario, participants imagined they were...

Persistent link: https://www.econbiz.de/10009248897