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sustain social capital by their propensity to invest and reward investments by means of an economic experiment. We have three … presence of social norms. Third, we compare our results with a laboratory experiment conducted with a student sample. We find …
Persistent link: https://www.econbiz.de/10005696313
This paper extends the standard work effort model by allowing workers to interact through networks. We investigate experimentally whether peer performances and peer contextual effects influence individual performances. Two types of network are considered. Participants in Recursive networks are...
Persistent link: https://www.econbiz.de/10010687449
This article is an experimental investigation on decision making in online auction markets. We focus on a widely used format, the Buy-It-Now auction on eBay, where sellers post prices at which buyers can purchase a good prior to an auction. Even though, buyer behavior is well studied in...
Persistent link: https://www.econbiz.de/10008472117
This paper analyzes the trade of an indivisible good within a two-stage mechanism, where a seller first negotiates with one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second-price sealed-bid auction with an additional buyer is conducted. The...
Persistent link: https://www.econbiz.de/10005670284
We use spline interpolation to approximate the subjective cumulative distribution function of an economic agent over the future realization of a continuous (possibly censored) random variable. The method proposed exploits information collected using a small number of probability questions on...
Persistent link: https://www.econbiz.de/10005015244
We present results from a real-effort experiment, simulating actual work-place conditions, comparing the productivity …
Persistent link: https://www.econbiz.de/10005015232
We present an experimental study to learn about behavior in bargaining situations under large risks. In order to implement realistic risks involved in the field, we calibrate the experimental parameters from an environment involving substantial variation in profits, the motion picture industry....
Persistent link: https://www.econbiz.de/10005795987
We experimentally disentangle the effect of information dissemination from the effect of the time horizon on the investment behavior of a myopically loss averse investor. Our findings show that varying the information condition only suffices to induce behavior that is in line with the hypothesis...
Persistent link: https://www.econbiz.de/10005670288
We combine the choice data of proposers and responders in the ultimatum game, their expectations elicited in the form of subjective probability questions, and the choice data of proposers ("dictators") in a dictator game to estimate a structural model of decision making under uncertainty. We use...
Persistent link: https://www.econbiz.de/10005510346
We investigate how to make poverty comparisons using multidimensional indicators of well-being, showing in particular how to check whether the comparisons are robust to aggregation procedures and to the choice of multidimensional poverty lines. In contrast to earlier work, our methodology...
Persistent link: https://www.econbiz.de/10005510349