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Preference reversals and the analysis of income distributions
Amiel, Yoram; Cowell, Frank; Davidovitz, Leima; … - London School of Economics (LSE) - 2003
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10010928778
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Speculative attacks and financial architecture: experimental analysis of coordination games with public and private information
Heinemann, Frank; Nagel, Rosemarie; Ockenfels, Peter - London School of Economics (LSE) - 2002
may be destabilizing by allowing for self-fulfilling beliefs. We present an experiment that imitates a speculative attacks …
Persistent link: https://www.econbiz.de/10010745943
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Inequality and envy
Cowell, Frank; Ebert, U - London School of Economics (LSE) - 2006
take into account “envy” in the income distribution. The concept of envy incorporated here concerns the distance of each …
Persistent link: https://www.econbiz.de/10011071500
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Contract structure, risk sharing and investment choice
Fischer, Gregory - London School of Economics (LSE) - 2011
Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To explore this possibility, I develop a theory that...
Persistent link: https://www.econbiz.de/10010746368
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Perceptions of risk : an experimental approach using internet questionnaires
Cowell, Frank; Cruces, Guillermo - London School of Economics (LSE) - 2003
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked propositions that are fundamental to the...
Persistent link: https://www.econbiz.de/10010744849
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Attitudes towards risk and inequality : a questionnaire-experimental approach
Amiel, Yoram; Cowell, Frank - London School of Economics (LSE) - 2000
a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents …
Persistent link: https://www.econbiz.de/10010746203
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A quantitative and qualitative test of the Allais paradox using health outcomes
Oliver, Adam - London School of Economics (LSE) - 2003
There have been many tests of the descriptive validity of the axioms of expected utility theory (EU) using money outcomes. Such tests are relatively uncommon with respect to health outcomes. This is unfortunate, because the standard gamble - considered by many health economists to be the gold...
Persistent link: https://www.econbiz.de/10010884553
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Regulated and non-regulated companies, technology adoption in experimental markets for emission permits, and options contracts
Chesney, Marc; Taschini, Luca; Wang, Mei - London School of Economics (LSE) - 2011
theoretical models on irreversible abatement investment, the first experiment shows that regulated companies trade permits at a …. The second experiment shows that the presence of non-regulated companies adds liquidity to the market and does not … increase price volatility. The last experiment enables us to investigate the impact of the presence of cash-settled options …
Persistent link: https://www.econbiz.de/10010745458
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Like ripples on a pond: behavioral spillovers and their implications for research and policy
Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2015
No behavior sits in a vacuum, and one behavior can greatly affect what happens next. We propose a conceptual frame within which a broad range of behavioral spillovers can be accounted for when applying behavioral science to policy challenges. We consider behaviors which take place sequentially...
Persistent link: https://www.econbiz.de/10011150276
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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