approach contradicts traditional economic theory by suggesting that people in debt should pay off their debts from smallest …

endowment effect, but that given the rich psychology behind the effect, a version of the theory that encompasses multiple …

Experiment." Both academics and popular writers commonly summarize the results as showing that every change in light, even those …

(2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships … suggest refinements of the theory. In particular, we find that the availability of informal agreements and ex post …

worker productivity in the facility. Using a natural field experiment, we report several insights. For example, conditional …

Auction theory represents one of the richest areas of research in economics over the past three decades. Yet, whether … is consistent with theory. Critical evaluation of the reduced-form bidding model, however, reveals that sharp tests of … therefore use a laboratory experiment to examine if the resale opportunity by itself can have the predicted theoretical effect …

study provides an overview of experimental methods in economics, with a special focus on developing an economic theory of …