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Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences
Götte, Lorenz; Harms, Annette; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2014
An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...
Persistent link: https://www.econbiz.de/10011078395
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Complex Tax Incentives: An Experimental Investigation
Abeler, Johannes; Jäger, Simon - Institute for the Study of Labor (IZA) - 2013
How does the tax system's complexity affect people's reaction to tax changes? To answer this question, we conduct a real-effort experiment in which subjects receive a piece rate and face a set of taxes. In one treatment the tax system is simple; in the other treatment it is highly complex. The...
Persistent link: https://www.econbiz.de/10010884214
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The Role of Salience in Performance Schemes: Evidence from a Field Experiment
Englmaier, Florian; Roider, Andreas; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2012
tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically … and economically important for performance. We find that higher salience of incentives for quantity increases quantity …
Persistent link: https://www.econbiz.de/10011279295
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Salience, Risky Choices and Gender
Booth, Alison L.; Nolen, Patrick J. - Institute for the Study of Labor (IZA) - 2012
salient. Using experimental data we show that salience affects young men and women differently, even after controlling for …
Persistent link: https://www.econbiz.de/10009653986
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Experimental Tests of Survey Responses to Expenditure Questions
Comerford, David; Delaney, Liam; Harmon, Colm P. - Institute for the Study of Labor (IZA) - 2009
This paper tests for a number of survey effects in the elicitation of expenditure items. In particular we examine the extent to which individuals use features of the expenditure question to construct their answers. We test whether respondents interpret question wording as researchers intend and...
Persistent link: https://www.econbiz.de/10005015502
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A Flexible Test for Present Bias and Time Preferences Using Land-Lease Contracts
Gautier, Pieter; van Vuuren, Aico - Institute for the Study of Labor (IZA) - 2011
When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10009151025
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The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior
Friehe, Tim; Schildberg-Hörisch, Hannah - Institute for the Study of Labor (IZA) - 2014
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010884182
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Framing Effects and Impatience: Evidence from a Large Scale Experiment
van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - Institute for the Study of Labor (IZA) - 2012
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10011271980
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Information and Competition Entry
Ewers, Mara - Institute for the Study of Labor (IZA) - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10011279246
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The Ratio Bias Phenomenon: Fact or Artifact?
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - Institute for the Study of Labor (IZA) - 2009
The ratio bias – according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers – has recently gained momentum, with researchers especially in health economics...
Persistent link: https://www.econbiz.de/10008527297