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A Structural Analysis of Disappointment Aversion in a Real Effort Competition
Prowse, Victoria; Gill, David - Department of Economics, Oxford University - 2009
We develop a novel computerized real effort task, based on moving sliders across a screen, to test experimentally whether agents are disappointment averse when they compete in a real effort sequential-move tournament.  Our theory predicts that a disappointment averse agent, who is loss averse...
Persistent link: https://www.econbiz.de/10004998381
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
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/10009144731
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Preferences for Consistency
Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011
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/10009293989
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The Right Choice at the Right Time: A Herding Experiment in Endogenous Time
Sgroi, Daniel - Department of Economics, Oxford University - 2000
This paper examines experimental evidence relating to herd behaviour in situations when subjects can learn from each other, and can delay their decision. Subjects acted rationally, gaining from observational learning, despite penalties for delay. Cascades were ubiquitous and reverse-cascades...
Persistent link: https://www.econbiz.de/10010605219
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A Theory of the Islamic Revival
Carvalho, Jean-Paul - Department of Economics, Oxford University - 2009
There has been a dramatic surge in Islamic participation and values since the 1970s.  We propose a theory of the contemporary Islamic revival based upon two forms of relative deprivation - envy and unfulfilled aspirations.  To analyze these motivations, a behavioral model of religion is...
Persistent link: https://www.econbiz.de/10004970290
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The Role of Salience in Performance Schemes: Evidence from a Field Experiment
Englmaier, Florian; Roider, Andreas; Sunde, Uwe - C.E.P.R. Discussion Papers - 2012
Incentive schemes affect performance and priorities of agents but, in reality, they can be complicated even for simple tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest in quantity and quality of output. We use data from...
Persistent link: https://www.econbiz.de/10011084038
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A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts
Gautier, Pieter A; van Vuuren, Aico - C.E.P.R. Discussion Papers - 2011
When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10009251301
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Locus of Control and Prosocial Behavior
Andor, Mark Andreas; Cox, James C.; Gerster, Andreas; … - National Bureau of Economic Research - 2022
We investigate how locus of control beliefs - the extent to which individuals attribute control over events in their … begin by developing a conceptual framework showing how locus of control beliefs serve as a weight placed on the returns from … in parliamentary elections, and to donate blood. Our results provide comprehensive evidence that locus of control beliefs …
Persistent link: https://www.econbiz.de/10013362013
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Paying for Confidence: An Experimental Study of the Demand for Non-Instrumental Information
Eliaz, Kfir; Schotter, Andrew - C.E.P.R. Discussion Papers - 2009
This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not affect their decision. Our findings suggest that this...
Persistent link: https://www.econbiz.de/10004976787
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Gender differences in competition emerge early in life
Sutter, Matthias; Daniela R?tzler - Institut für Finanzwissenschaft, Fakultät für … - 2010
We study gender differences in the willingness to compete in a large-scale experiment with 1,035 children and teenagers, aged three to eighteen years. Using an easy math task for children older than eight years and a running task for the younger ones we find that boys are much more likely to...
Persistent link: https://www.econbiz.de/10008471562