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Loss Aversion in the Laboratory
Morrison, William G.; Oxoby, Robert J. - Institute for the Study of Labor (IZA) - 2014
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an … incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on …
Persistent link: https://www.econbiz.de/10010884160
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Theoretical Unification in Justice and Beyond
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2007
The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification – unification of different theories of the same field of phenomena and unification of theories of...
Persistent link: https://www.econbiz.de/10005822968
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Studying Justice: Measurement, Estimation, and Analysis of the Actual Reward and the Just Reward
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2007
This paper describes procedures for measuring and estimating the fundamental quantities in the study of distributive justice. We examine a variety of methods for measuring the actual reward and the just reward, for both self and other, including direct and indirect methods for measuring the just...
Persistent link: https://www.econbiz.de/10005700939
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Reference Points and Effort Provision
Abeler, Johannes; Falk, Armin; Goette, Lorenz; Huffman, … - Institute for the Study of Labor (IZA) - 2009
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005078575
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Compensating Differentials in Experimental Labor Markets
Carpenter, Jeffrey P.; Matthews, Peter Hans; Robbett, Andrea - Institute for the Study of Labor (IZA) - 2015
The theory of compensating differentials has proven difficult to test with observational data: the consequences of selection, unobserved firm and worker characteristics, and the broader macroeconomic environment complicate most analyses. Instead, we construct experimental, real-effort labor...
Persistent link: https://www.econbiz.de/10011163479