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Framing Effects, Selective Information andMarket Behavior An Experimental Analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

The results of an asset market experiment, in which 64 subjects trade two assets oneight markets in a computerized …

Persistent link: https://www.econbiz.de/10005866816

Uncertainty effect revisited using physical lottery format

Rydval, Ondřej; Ortmann, Andreas; Prokosheva, Sasha; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

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

Specious Confidence after Tax Audits: A Contribution to theDynamics of Compliance

Kirchler, Erich; Maciejovsky, Boris; Schwarzenberger, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

a tax experiment. Compliance varied significantlyover time: it decreased immediately after an audit and increased …

Persistent link: https://www.econbiz.de/10005866915

Financial Incentives and Cognitive Abilities: Evidence from a Forecasting Task with Varying Cognitive Load

Rydval, Ondřej - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high-powered financial incentives as a stimulator of...

Persistent link: https://www.econbiz.de/10005866579

The Interaction between Financial Incentives and Task-specific Cognitive Capital: More Evidence in Support of Camerer and Hogarth (1999)

Rydval, Ondřej - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This paper extends existing evidence on the interaction between financial incentives and cognitive capital. I focus on the impact of task-specific cognitive capital, the role of which is central to the capital-labor-production framework of Camerer and Hogarth (1999) and has long been studied in...

Persistent link: https://www.econbiz.de/10005866583

Valuing A Risky Prospect Less Than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?

Ortmann, Andreas; Prokosheva, Alexandra; Rydval, Ondřej; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries’ worst outcomes. We show how to undo this result.

Persistent link: https://www.econbiz.de/10005866586

Are we nice(r) to nice(r) people? An Experimental Analysis

Albert, Max; Güth, Werner; Kirchler, Erich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We experimentally investigate whether individuals can reliably detect cooperators in an anonymous decision environment by allowing participants to condition their choices in an asymmetric prisoner's dilemma and a trust game (i) on their partner's donation share to a self-selected charity, and...

Persistent link: https://www.econbiz.de/10005867074

Hindsight Bias and Individual RiskAttitude within the Context ofExperimental Asset Markets

El-Sehity, Tarek; Haumer, Hans; Helmenstein, Christian; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

the different experimental risk elicitationmethods of certainty equivalents and binary lottery choices, and (iii) their … general phenomenon. Furthermore,our findings challenge the presumption of time-stable risk preferences and of … proceduralinvariance with respect to different experimental risk elicitation methods. …

Persistent link: https://www.econbiz.de/10005867042

Family preference and sexual division of labor : economic growth with capital and knowledge

Zhang, Wei-Bin - 1994

Persistent link: https://www.econbiz.de/10000894320

Wealth distribution and unemployment : endogenous capital and knowledge in a two-group growth model

Zhang, Wei-Bin - 1994

Persistent link: https://www.econbiz.de/10000894326