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In this paper, we discuss the derivation and application of a bivariate ordered probit modelwith mixed effects. Our approach allows one to estimate the distribution of the effect (gamma) of anendogenous ordered variable on an ordered explanatory variable. By allowing gamma to vary over...
Persistent link: https://www.econbiz.de/10005870967
Data on contestants’ choices in Italian Game Show Affari Tuoi are analysed in a way that separatesthe effect of risk attitude (preferences) from that of beliefs concerning the amount ofmoney that will be offered to contestants in future rounds. The most important issue addressedin the paper is...
Persistent link: https://www.econbiz.de/10009022166
This Monte-Carlo study investigates sensitivity of the Wilcoxon signed rank test to certainassumption violations in small samples. Emphasis is put on within-sample-dependence,between-sample dependence, and the presence of ties. Our results show that both assumptionviolations induce severe size...
Persistent link: https://www.econbiz.de/10005866604
E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.
Persistent link: https://www.econbiz.de/10009248895
We report three repetitions of Falk and Kosfeld's (2006) low and medium control treatmentswith 364 subjects. Each repetition employs a sample drawn from a standard subject pool ofstudents and demographics vary across samples. Our results largely conict with those of theoriginal study. We mainly...
Persistent link: https://www.econbiz.de/10005870900
This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...
Persistent link: https://www.econbiz.de/10009022157
How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with …
Persistent link: https://www.econbiz.de/10009022162
In this paper, we study a voluntary contribution mechanism withone-way communication. The relevance of one person’s words is assessedby assigning exogeniously the role of the ‘communicator’ to onegroup member. Contrary to the view that the mutual exchange ofpromises is necessary for the...
Persistent link: https://www.econbiz.de/10009022164
We run a computerised experiment of network formation where allconnections are bene…cial and only direct links are …
Persistent link: https://www.econbiz.de/10009022169
soleindex of risk attitude. (Cumulative) Prospect theory (CPT) has demonstrated vari-ous empirical deficiencies of EU and …
Persistent link: https://www.econbiz.de/10009022172