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Social Comparison and Performance: Experimental Evidence on the Fair Wage-Effort Hypothesis
Gaechter, Simon; Thoeni, Christian - Centre for Decision Research and Experimental Economics … - 2009
disadvantageous wage discrimination leads to lower efforts while advantageous wage discrimination does not increase efforts on average … comparison effects. We also find that reactions to wage discrimination can be attributed to the underlying intentions of … discrimination rather than to payoff consequences. …
Persistent link: https://www.econbiz.de/10010552250
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Social Comparison and Performance: Experimental Evidence on the Fair Wage-Effort Hypothesis
Gaechter, Simon; Thoeni, Christian - Centre for Decision Research and Experimental Economics … - 2009
disadvantageous wage discrimination leads to lower efforts while advantageous wage discrimination does not increase efforts on average … comparison effects. We also find that reactions to wage discrimination can be attributed to the underlying intentions of … discrimination rather than to payoff consequences. …
Persistent link: https://www.econbiz.de/10008557034
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Understanding Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H.W.; Zizzo, Daniel John - Centre for Decision Research and Experimental Economics … - 2008
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10010552256
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Reference Points and Effort Provision
Abeler, Johannes; Falk, Armin; Goette, Lorenz; Huffman, … - Centre for Decision Research and Experimental Economics … - 2009
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money that if expectations are low. …
Persistent link: https://www.econbiz.de/10010552269
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Uniform Price Auction and Fixed Price Offerings in IPO: An Experimental Comparison
Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2005
consequence, in our experiment uniform price auctions are superior to fixed price offerings in terms of revenue raising. …
Persistent link: https://www.econbiz.de/10010601958
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Option Pricing by Students and Professional Traders: A Behavioural Investigation
ABBINK, KLAUS; ROCKENBACH, BETTINA - Centre for Decision Research and Experimental Economics … - 2005
We compare the behaviour of students and professional traders from an influential German bank in an experiment …
Persistent link: https://www.econbiz.de/10010601960
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Uniform price auctions and fixed price offerings in IPOs: an experimental comparison
Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2006
significantly higher than the expected value of a bidder with a low value signal. As a consequence, our experiment suggests that the …
Persistent link: https://www.econbiz.de/10010672335
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Uniform Price Auctions and Fixed Price Offerings in IPOs: An Experimental Comparison
Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2008
higher revenues. In our experiment, there is no evidence that TCE are played. The experiment suggests that the uniform price …
Persistent link: https://www.econbiz.de/10010672353
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Reference Points and Effort Provision
Abeler, Johannes; Falk, Armin; Goette, Lorenz; Huffman, … - Centre for Decision Research and Experimental Economics … - 2009
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money that if expectations are low. …
Persistent link: https://www.econbiz.de/10005796054
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Uniform price auctions and fixed price offerings in IPOs: an experimental comparison
Zhang, Ping - Centre for Decision Research and Experimental Economics … - 2006
significantly higher than the expected value of a bidder with a low value signal. As a consequence, our experiment suggests that the …
Persistent link: https://www.econbiz.de/10005453700