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bargaining norms in the case of ultimatum games. Tosubstantiate our claim, we conduct a methodological experiment in which …
Persistent link: https://www.econbiz.de/10005866393
In the framework of expected utility theory, risk attitudes are entirely capturedby the curvature of the utility … thismodication, one question arises naturally: since both utility and probability weight-ing determine the attitude towards risk …, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery’s worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10005866429
ofbehavior persists when risk comes into play. I devise an experiment which sheds light onthe interrelation of risk and social … preferences by measuring (1) individual risk preferences,(2) interpersonal risk preferences, and (3) social preferences under … certainty. The resultsreveal that a large share of subjects choose to accept more risk or less potential gain thanindividually …
Persistent link: https://www.econbiz.de/10005866400
This paper studies the response times of experimental subjects playingthe Ultimatum game in a laboratory setting using monetary incentives.We find that proposals are not significantly correlated with responsetime, whereas responders’ behavior is positively and significantlycorrelated. Hence,...
Persistent link: https://www.econbiz.de/10005866540
We run a computerised experiment of network formation where allconnections are bene…cial and only direct links are … simulated and experimentally gen-erated data to test the determinants of individual behaviour in networkformation. We …nd that … test whether subjects follow alternative patterns ofbehaviour and in particular if they: propose links to those from …
Persistent link: https://www.econbiz.de/10009022169
contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed … efficiency gains,the presence of risk and uncertainty about the public good’s value is not detrimentalto cooperation. This …
Persistent link: https://www.econbiz.de/10005866390
During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...
Persistent link: https://www.econbiz.de/10005866402
Which inequalities among individuals are considered unjust? This paper reportsthe results of an experiment designed to …
Persistent link: https://www.econbiz.de/10005866424
This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low informed subjects make predictions in sequence. In a matchedpairs design, another set of high informed subjects observe the decisions of the first group andmake predictions....
Persistent link: https://www.econbiz.de/10005866431