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Impatience and uncertainty: Experimental decisions predict adolescents? field behavior

Sutter, Matthias; Kocher, Martin G.; Ruetzler, Daniela; … - Institut für Finanzwissenschaft, Fakultät für … - 2010

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

Persistent link: https://www.econbiz.de/10008774528

Thar she bursts - Reducing confusion reduces bubbles

Kirchler, Michael; Huber, Juergen; Stoeckl, Thomas - Institut für Finanzwissenschaft, Fakultät für … - 2011

they expect the fundamental value to stay constant.Running the experiment with a different context (“stocks of a depletable …

Persistent link: https://www.econbiz.de/10008862597

The Geometry of Distributional Preferences and a Non-Parametric Identification Approach

Kerschbamer, Rudolf - Institut für Finanzwissenschaft, Fakultät für … - 2013

This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...

Persistent link: https://www.econbiz.de/10010700064

Price efficiency and trading behavior in limit order markets with competing insiders

Stoeckl, Thomas - Institut für Finanzwissenschaft, Fakultät für … - 2013

We study price efficiency and trading behavior in laboratory limit order markets with asymmetrically informed traders. Markets differ in the number of insiders present and in the subset of traders who receive information about the number of insiders present. We observe that price efficiency (i)...

Persistent link: https://www.econbiz.de/10010839587

Revealed distributional preferences: Individuals vs. teams

Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - Institut für Finanzwissenschaft, Fakultät für … - 2013

We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...

Persistent link: https://www.econbiz.de/10010839590

How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - Institut für Finanzwissenschaft, Fakultät für … - 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10011170099

Bubble or no Bubble - The Impact of Market Model on the Formation of Price Bubbles in Experimental Asset Markets

Kirchler, Michael; J?rgen Huber; Thomas St?ckl - Institut für Finanzwissenschaft, Fakultät für … - 2009

more efficient and end-of-experiment imbalances common in SSW-markets are not observed. Our results demonstrate, that …

Persistent link: https://www.econbiz.de/10008500933

It is hard to beat the Monkeys - On the Value of Asymmetric Fundamental Information in Asset Markets

Kirchler, Michael - Institut für Finanzwissenschaft, Fakultät für … - 2008

In this paper we present results from experimental asset markets and simulations with traders who receive asymmetric information about the fundamental value of an asset. In the experimental markets with repetition insiders outperform the market and uninformed computerized random traders...

Persistent link: https://www.econbiz.de/10005399045

Inequality Aversion and Voting on Redistribution

Hoechtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - Institut für Finanzwissenschaft, Fakultät für … - 2011

Mounting evidence shows that there is heterogeneity in aversion to inequality, i.e. that some people have a concern for a fair distribution. Does such a concern matter for majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair voters are...

Persistent link: https://www.econbiz.de/10009145765

Truth, trust, and sanctions: On institutional selection in sender-receiver games

Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - Institut für Finanzwissenschaft, Fakultät für … - 2011

We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth …

Persistent link: https://www.econbiz.de/10009385916