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strength. We then present three experiments that study main predictions and implications of the model. The first is a simple …
Persistent link: https://www.econbiz.de/10009226004
Field evidence suggests that people belonging to the same group often behave similarly, i.e., behaviour exhibits social interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design feature is that each subject simultaneously is a...
Persistent link: https://www.econbiz.de/10005822702
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...
Persistent link: https://www.econbiz.de/10009024593
the 1-way flow model but fails largely in the 2-way flow model. We observe a strong learning dynamic in the 1-way flow …
Persistent link: https://www.econbiz.de/10005761658
experiments and representative samples and find only low degrees of association between economic preferences and personality. We …
Persistent link: https://www.econbiz.de/10011279288
A key open question for theories of reference-dependent preferences is what determines the reference point. One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects...
Persistent link: https://www.econbiz.de/10005078575
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10010667864
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first step we elicit subjects’ productivity levels. Subjects then face the choice between a fixed or a variable payment scheme. Depending on the treatment, the variable payment is...
Persistent link: https://www.econbiz.de/10005703774
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences …. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences …, although during the last two decades, the use of lab experiments has accelerated. Nonetheless, there remains considerable …
Persistent link: https://www.econbiz.de/10008527324
During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10005566708