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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
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
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
. I draw implications for compensation practices in experiments as well as work settings. …
Persistent link: https://www.econbiz.de/10005866583
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
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
Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the soleindex of risk attitude. (Cumulative) Prospect...
Persistent link: https://www.econbiz.de/10009022172
E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences …
Persistent link: https://www.econbiz.de/10009248895
experiments, sociologistsrather employ (factorial) surveys. Both methods, however, suer from distinctweaknesses. Experiments, on …-called "strategymethod" compensates for these weaknesses by combining the observationalcharacteristic of experiments with the conditionality …
Persistent link: https://www.econbiz.de/10005866393
Unlike previous attempts to implement cooperation in a prisoners’ dilemma gamewith an infinite horizon in the laboratory, we focus on extended prisoners’ dilemmagames in which a second (pure strategy) equilibrium allows for voluntary cooperationin all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10005866398