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Effort and comparison income: experimental and survey evidence
Clark, Andrew E.; Masclet, David; Villeval, Marie-Claire - London School of Economics (LSE) - 2008
This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The...
Persistent link: https://www.econbiz.de/10010746495
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Do we follow others when we should? A simple test of rational expectations
Weizsacker, Georg - London School of Economics (LSE) - 2008
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … their own information. The answer is 53% on average across all experiments –only slightly more than what they would earn by …
Persistent link: https://www.econbiz.de/10011071475
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Theory of values
Georgiadis, Andreas; Manning, Alan - London School of Economics (LSE) - 2009
Economists have a well-developed theory of value but the theory of why people hold the values they do is rudimentary at best. In spite of the fact that it is common to argue that values are important, most work on values is normative and the positive theory of values is relatively under-...
Persistent link: https://www.econbiz.de/10010744932
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Life satisfaction and relative income: perceptions and evidence
Mayraz, Guy; Wagner, Gert G.; Schupp, Jürgen - London School of Economics (LSE) - 2009
Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...
Persistent link: https://www.econbiz.de/10011071089
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Choices in egalitarian distribution: inequality aversion versus risk aversion
Kroll, Yoram; Davidovitz, Leima - London School of Economics (LSE) - 1999
designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …
Persistent link: https://www.econbiz.de/10010746509
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Contract structure, risk sharing and investment choice
Fischer, Gregory - London School of Economics (LSE) - 2011
financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two …
Persistent link: https://www.econbiz.de/10010746368
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Digit ratio (2D:4D) and altruism: evidence from a large, multi-ethnic sample
Galizzi, Matteo M.; Nieboer, Jeroen - London School of Economics (LSE) - 2015
We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...
Persistent link: https://www.econbiz.de/10011171763
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Contract structure, risk sharing and investment choice
Fischer, Gregory - London School of Economics (LSE) - 2013
financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two potential …
Persistent link: https://www.econbiz.de/10011125976
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From fiction to fact: the impact of CEO social networks
Kirchmaier, Thomas; Stathopoulos, Konstantinos - London School of Economics (LSE) - 2008
relation between social networks and firm performance, while agency theory in general and Bebchuk’s managerial power approach … in particular predicts a negative relationship between social networks and firm performance. Based on a new and … comprehensive measure of CEOs social networks, we observe for 363 non-financial firms in the UK that the size of a CEO’s social …
Persistent link: https://www.econbiz.de/10010884592
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When pressure sinks performance: evidence from diving competitions
Garbi, Elni; Genakos, Christos; Pagliero, Mario - London School of Economics (LSE) - 2015
Tournaments are designed to enhance participants’ effort and productivity. However, ranking near the top may increase psychological pressure and reduce performance. We empirically study the impact of interim rank on performance using data from international diving tournaments. We find that...
Persistent link: https://www.econbiz.de/10011266093