Showing 1 - 10 of 36
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …
Persistent link: https://www.econbiz.de/10011110638
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011110481
While folk theorems for dynamic renewable common pool resource games sustain cooperation as an equilibrium, the possibility of reverting to violence to appropriate the resource destroys the incentives to cooperate, because of the expectation of conflict when resources are sufficiently depleted....
Persistent link: https://www.econbiz.de/10011262754
Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...
Persistent link: https://www.econbiz.de/10010897335
This paper reports findings of a laboratory experiment, which explores how elfassessment regarding the own relative …
Persistent link: https://www.econbiz.de/10010897341
We analyze a two-stage game between two heterogeneous players. At stage one, common risk is chosen by one of the … players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition … risk taking at stage one - an effort effect, a likelihood effect and a reversed likelihood effect. For the likelihood …
Persistent link: https://www.econbiz.de/10005785871
Considerable experimental evidence shows that although costly peer-punishment enhances cooperation in repeated public-good games, heavy punishment in early rounds leads to average period payoffs below the non-cooperative equilibrium benchmark. In an environment where past payoffs determine...
Persistent link: https://www.econbiz.de/10008536056
replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all … of SEU share the same predictions in our design, for any first-order risk attitude. Yet, we observe that substantial …
Persistent link: https://www.econbiz.de/10008833271
Alliances often face both free-riding and hold-up problems, which under- mine the effectiveness of alliances in mobilizing joint fighting effort. Despite of these disadvantages, alliances are still ubiquitous in all types of contests. This paper asks if there are non-monetary incentives to form...
Persistent link: https://www.econbiz.de/10010699429
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects …
Persistent link: https://www.econbiz.de/10009004024