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Risk Pooling, Commitment, and Information: An experimental test of two fundamental assumptions
Barr, Abigail - EconWPA - 2004
information that current underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects … view the assumptions made elsewhere in the literature. I also conduct a test of the relevance or external validity of the … experimental results to our understanding of real risk pooling behaviour. In four out of the five villages for which the test could …
Persistent link: https://www.econbiz.de/10005118664
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Income Distributions versus Lotteries: Happiness, Response Mode Effects and Preference Reversals
Morone, Andrea; Seidl, Christian; Camacho-Cuena, Eva - EconWPA - 2004
Persistent link: https://www.econbiz.de/10005408217
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CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?
Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001
We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...
Persistent link: https://www.econbiz.de/10005408222
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The Effect of an Additional Alternative on Measured Risk Preferences in a Field Experiment
Engle-Warnick, Jim; Escobal, Javier; Laszlo, Sonia - EconWPA - 2005
We experimentally test for the effect of an additional alternative on the measured risk preferences of farmers in rural … Peru. In our experiment, subjects revealed their risk preferences with a series of choices between two gambles. We added a …
Persistent link: https://www.econbiz.de/10005125586
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The Weakest Link - A Field Experiment in Rational Decision Making
Haan, Marco; Los, Bart; Riyanto, Yohanes; Geest, Martin van - EconWPA - 2002
We analyze the BBC TV game show "The Weakest Link", using data from 77 episodes, covering 13,380 questions. We focus on the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a general knowledge question. In the latter case, should...
Persistent link: https://www.econbiz.de/10005125587
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Your Morals Are Your Moods
Kirchsteiger, Georg; Rigotti, Luca; Rustichini, Aldo - EconWPA - 2001
We test the effect of players' moods on their behavior in a gift-exchange game. In the first stage of the game, player …
Persistent link: https://www.econbiz.de/10005062363
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Does It Pay To Pray? Evaluating the Economic Return to Religious Ritual
Ruffle, Bradley J.; Sosis, Richard H. - EconWPA - 2003
-action problems. We test this hypothesis on communal societies for whom mutual cooperation is a matter of survival. We design field …
Persistent link: https://www.econbiz.de/10005062717
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Cooperation and the In-Group-Out-Group Bias: A Field Test on Israeli Kibbutz Members and City Residents
Ruffle, Bradley J.; Sosis, Richard H. - EconWPA - 2003
experiments to test whether it extends to the cooperative behavior of one of the most successful and best-known modern collective …
Persistent link: https://www.econbiz.de/10005062734
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Strengths of the Weakest-Link
Février, Philippe; ) Laurent Linnemer - EconWPA - 2002
The "Weakest Link" is a game show full of paradox. To increase the probability of winning, contestants should eliminate the strongest players. Yet, if it is anticipated that the best player is to be eliminated, participants do not answer questions correctly and nothing is gained. We solve a game...
Persistent link: https://www.econbiz.de/10005556682
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Wages and Reciprocity in the Workplace
Barr, Abigail; Serneels, Pieter - EconWPA - 2004
We explore the role of reciprocity in wage determination by combining experimental and survey data. The experiment is …
Persistent link: https://www.econbiz.de/10005118755