Showing 1 - 10 of 45
Affirmative-action policies bias tournament rules in order to provide equal opportunities to a group of competitors who have a disadvantage they cannot be held responsible for. Critics argue that they distort incentives, resulting in lower individual performance, and that the selected pool of...
Persistent link: https://www.econbiz.de/10010547484
Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an ambiguous alternative in their possession for an unambiguous one? We present three experiments in which individuals preferred to retain the former. This status quo bias emerged both...
Persistent link: https://www.econbiz.de/10010547457
model delivers testable implications on players' chosen actions as incentives and opponents change. We then test the model …'s predictions with an experiment. We administer different treatments that vary beliefs over payoffs and opponents, as well as … beliefs over opponents' beliefs. The results of this experiment, which are not accounted for by current models of reasoning in …
Persistent link: https://www.econbiz.de/10010851323
for remaining in doubt. I then use this model to analyze the connection between preferences of this nature and risk …
Persistent link: https://www.econbiz.de/10010547096
This paper shows that models where preferences of individuals depend not only on their allocations, but also on the well-being of other persons, can produce both large and testable effects. We study the allocation of workers with heterogeneous productivities to firms. We show that even small...
Persistent link: https://www.econbiz.de/10010547201
to standard pay-for-performance incentives. We report evidence from a large field experiment comparing the effectiveness …
Persistent link: https://www.econbiz.de/10010851328
We compare behavior in modified dictator games with and without role uncertainty. Subjects choose between a selfish action, a costly surplus creating action (altruistic behavior) and a costly surplus destroying action (spiteful behavior). While costly surplus creating actions are most frequent...
Persistent link: https://www.econbiz.de/10010851352
behaviors than do individuals whose independent self is more prominent. We test these hypotheses in two experiments in which …
Persistent link: https://www.econbiz.de/10010851355
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010851445
Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative … the lists yields a systematic decrease in risk aversion. This bias is quite distinct from other confounds that have been … developments where better prospects increase risk aversion. Nevertheless, we have also found that the more recent elicitation …
Persistent link: https://www.econbiz.de/10011019689