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We evaluate Andreoni and Sprenger's (2012) data on choices made from Convex Time Budgets (CTB) for external consistency with the Weak Axiom of Revealed Preference (WARP) relative to the pairwise choice benchmark, and for internal consistency with respect to demand, wealth and impatience...
Persistent link: https://www.econbiz.de/10011202928
This study pushes our understanding of research reliability by reproducing and replicating claims from 110 papers in leading economic and political science journals. The analysis involves computational reproducibility checks and robustness assessments. It reveals several patterns. First, we...
Persistent link: https://www.econbiz.de/10014506934
Ambuehl et al. (2022) explore ways to evaluate interventions designed to enhance decision-making quality when individuals misjudge the outcomes of their choices. The authors propose a novel outcome metric that can distinguish between interventions better than conventional metrics such as...
Persistent link: https://www.econbiz.de/10014513940
We develop an experimental production economy to study the general equilibrium and welfare effects of speculation and stabilization policies. Participants playing the role of household-investors interact in labor, output, and, in some treatments, asset markets. Without the ability to trade...
Persistent link: https://www.econbiz.de/10012933915
This paper studies the effects of monetary policy on asset trading and production in a laboratory economy. Participants play the role of household investors who make consumption, labor, and investment decisions. Introducing asset markets to the economy does not generate significant real effects....
Persistent link: https://www.econbiz.de/10010887088
Ambuehl et al. (2022) explore ways to evaluate interventions designed to enhance decision-making quality when individuals misjudge the outcomes of their choices. The authors propose a novel outcome metric that can distinguish between interventions better than conventional metrics such as...
Persistent link: https://www.econbiz.de/10014515705
What kind of incentives optimize a worker's motivation and perfor- mance, especially in remote work settings? We recruit online workers to work for up to 45 minutes on tedious tasks over three days. We randomly assign them to individualistic (Solo) or one of two team incentives. Under our...
Persistent link: https://www.econbiz.de/10013342139
How does the allocation of scarce jobs and production influence their supply? We present the results of a macroeconomics laboratory experiment that investigates the effects of alternative rationing schemes on economic stability. Participants play the role of consumer-workers who interact in...
Persistent link: https://www.econbiz.de/10011200177