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Global Evidence on Economic Preferences
Falk, Armin - 2017
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012453771
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Satisfaction Guaranteed : When Moral Hazard meets Moral Preferences
Andreoni, James - 2017
Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating … costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law … trust-building contract device: satisfaction guaranteed. We find that satisfaction guaranteed indeed builds trust and …
Persistent link: https://www.econbiz.de/10012455329
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Cognitive Imprecision and Stake-Dependent Risk Attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - National Bureau of Economic Research - 2022
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on the magnitude and sign of the relative risk premium,...
Persistent link: https://www.econbiz.de/10013388772
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Team Incentives and Lower Ability Workers : An Experimental Study on Real-Effort Tasks
Freeman, Richard B.; Pan, Xiaofei; Yang, Xiaolan; Ye, … - National Bureau of Economic Research - 2022
Team incentives are important in many compensation systems that pay workers according to the output of their team as well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds. Yet little is known about how team members with different...
Persistent link: https://www.econbiz.de/10013388782
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Multiple Price Lists for Willingness to Pay Elicitation
Jack, B. Kelsey; McDermott, Kathryn; Sautmann, Anja - National Bureau of Economic Research - 2022
Multiple price lists are a convenient tool to elicit willingness to pay (WTP) in surveys and experiments, but choice patterns such as "multiple switching" and "never switching" indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot...
Persistent link: https://www.econbiz.de/10013388789
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Age and the labor market for Hispanics in the United States
Lahey, Joanna; Mosquera, Roberto M. - National Bureau of Economic Research - 2022
We explore the labor market for Hispanic high school graduates in the United States by age using information from the US Census, American Community Survey, Current Population Survey, and three laboratory experiments. We find, in general, that the differences in outcomes for Hispanic and...
Persistent link: https://www.econbiz.de/10013334390
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The Privacy Elasticity of Behavior : Conceptualization and Application
Dekel, Inbal; Cummings, Rachel; Heffetz, Ori; Ligett, … - National Bureau of Economic Research - 2022
We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...
Persistent link: https://www.econbiz.de/10013334433
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Using Machine Learning for Efficient Flexible Regression Adjustment in Economic Experiments
List, John A.; Muir, Ian; Sun, Gregory K. - National Bureau of Economic Research - 2022
This study investigates how to use regression adjustment to reduce variance in experimental data. We show that the estimators recommended in the literature satisfy an orthogonality property with respect to the parameters of the adjustment. This observation greatly simplifies the derivation of...
Persistent link: https://www.econbiz.de/10013477248
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The Gender Minority Gaps in Confidence and Self-Evaluation
Aksoy, Billur; Exley, Christine L.; Kessler, Judd B. - National Bureau of Economic Research - 2024
A rich literature explores gender differences between men and women, but an increasing share of the population identifies their gender in some other way. Analyzing data on roughly 10,000 students and 1,500 adults, we find that such gender minorities are less confident and provide less favorable...
Persistent link: https://www.econbiz.de/10014468261
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Ends versus Means : Kantians, Utilitarians, and Moral Decisions
Bénabou, Roland; Falk, Armin; Henkel, Luca - National Bureau of Economic Research - 2024
Choosing what is morally right can be based on the consequences (ends) resulting from the decision - the Consequentialist view - or on the conformity of the means involved with some overarching notion of duty - the Deontological view. Using a series of experiments, we investigate the overall...
Persistent link: https://www.econbiz.de/10014468273