Showing 1 - 10 of 29
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005123778
take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting … risk involved, and that (among all the measures considered) only emotions can explain our results, albeit in ways that are …
Persistent link: https://www.econbiz.de/10005124205
anticipated and experienced emotions in the choice problem. Main findings are a violation of the isolation effect, and support for … experienced emotions influence decision making. …
Persistent link: https://www.econbiz.de/10005136625
bidders anticipate positive or negative emotions caused by the mere fact of winning or losing. Even if the "emotional" (dis …
Persistent link: https://www.econbiz.de/10005498113
emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is …
Persistent link: https://www.econbiz.de/10011083543
of emotions, using the emotion data from the experiment and recent psychological findings. We also find that people …We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The …
Persistent link: https://www.econbiz.de/10005791308
Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment we investigate whether a 24-hour cooling-off period leads to fewer rejections in ultimatum bargaining. We conduct a standard cash treatment and a lottery treatment, where subjects...
Persistent link: https://www.econbiz.de/10005661953
income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in …
Persistent link: https://www.econbiz.de/10005504686
Models of inequity aversion and fairness have dominated the behavioural economics landscape in the last decade. This study gathers data from 240 subjects exposed to variants of two of the major experimental games - dictator and trust - that are employed to provide important empirical content to...
Persistent link: https://www.econbiz.de/10005656285
The paper aims at studying determinants of schooling in traditional hierarchical societies confronted with an established history of outmigration. In the village, a ruling caste controls local political and religious institutions. For children who do not belong to the ruling caste, migration is...
Persistent link: https://www.econbiz.de/10008925714