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Persistent link: https://www.econbiz.de/10013144267
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10010345273
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10010362185
This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...
Persistent link: https://www.econbiz.de/10013128231
The subjective value given to time is a core concept of microeconomic choices. Using a sample of individuals questioned with regard to their time preference attitudes, we show that the subjective interest rate follows a negatively sloped term structure. It can be parameterized using two...
Persistent link: https://www.econbiz.de/10013039326
incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …
Persistent link: https://www.econbiz.de/10013013877
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10013055222
laboratory experiments. Besides having inspired theory-building, the integration of behavioural economics into personnel …
Persistent link: https://www.econbiz.de/10014047824
In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with three additional rankings given by the subjects in the experiment: one at...
Persistent link: https://www.econbiz.de/10014044900