Showing 1 - 9 of 9
This paper studies experiments set in a corporate environment where a manager attempts to overcome a history of …
Persistent link: https://www.econbiz.de/10005685468
-contest experiments run in newspapers in UK, Spain, and Germany and find stable patterns of behavior across them, despite the … uncontrollability of these experiments. These results are then compared with lab experiments involving undergraduates and game theorists … empirical power of experiments run with large subject-pools, and open the door for more experimental work performed on the rich …
Persistent link: https://www.econbiz.de/10005685478
protect environmental quality. In this paper we report on experiments performed in rural Colombia that were designed to …
Persistent link: https://www.econbiz.de/10005685481
tend to strike a balance between self and group interests. From experiments performed in rural Colombia, we found that a …
Persistent link: https://www.econbiz.de/10005490022
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century’s models of choice under uncertainty. From a positive perspective, the ubiquitous...
Persistent link: https://www.econbiz.de/10010580379
The use of experimental settings to observe human behaviour in a controlled environment of incentives, rules and institutions, has been widely used by the behavioural sciences for some time now, particularly by psychology and economics. In most cases the subjects are college students recruited...
Persistent link: https://www.econbiz.de/10005432520
We report evidence from public goods experiments with and without punishment which we conducted in Russia with 566 … because of its long history of collectivism, and a huge urban-rural gap. In contrast to previous experiments we find no …
Persistent link: https://www.econbiz.de/10005785110
Experienced construction industry executives suffer from a winner's curse in laboratory common- value auction markets. (Dyer et al. 1989). This paper identifies essential differences between field environments and the economic theory underlying the laboratory markets that account for the...
Persistent link: https://www.econbiz.de/10005785125
We compare behavior across students and professional traders from the Chicago Board of Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a necessary condition in expected utility theory, is systematically violated. We find that both students and...
Persistent link: https://www.econbiz.de/10005785136