Showing 1 - 10 of 23
Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...
Persistent link: https://www.econbiz.de/10011203012
use. This paper presents an experiment conducted online at IBM to assess the impact of these kinds of extrinsic incentives …
Persistent link: https://www.econbiz.de/10005627888
In November 2005, 55.7 percent of 2 million Swiss voters approved a 5-year moratorium (ban) on the commercial cultivation of genetically modified (GM) plants within Switzerland. The present study examines how individual voting decisions were determined by (i) socioeconomic characteristics, (ii)...
Persistent link: https://www.econbiz.de/10005566317
This paper presents a new incentive compatible method for measuring confidence in own knowledge. This method consists of two parts. First, an individual answers several general knowledge questions. Second, the individual chooses among three alternatives: 1) one question is selected at random and...
Persistent link: https://www.econbiz.de/10005463538
A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...
Persistent link: https://www.econbiz.de/10011240398
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10010817242
environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment … behavior. Moreover, appointing leaders who are likely to have acted dishonestly in a preliminary stage of the experiment yields …
Persistent link: https://www.econbiz.de/10010817253
We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...
Persistent link: https://www.econbiz.de/10010817286
laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package … preferred one. The principals take advantage of this intrinsic motivation by offering lower piece rates and by using the choice …
Persistent link: https://www.econbiz.de/10010941146
This paper investigates how subjects determine minimum selling prices for lotteries. We design an experiment where …
Persistent link: https://www.econbiz.de/10004994192