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Choice Under Uncertainty in Developing Countries

Harrison, Glenn W.; Humphrey, Steven J. - The Field Experiments Website - 2005

We review experimental evidence collected from risky choice experiments using poor subjects in Ethiopia, India and Uganda. Using these data we estimate that just over 50% of our sample behaves in accordance with expected utility theory and that the rest subjectively weight probability according...

Persistent link: https://www.econbiz.de/10005685479

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - The Field Experiments Website - 2006

, real decisions and have the opportunity to learn from experience? We report on a field experiment designed to address this …

Persistent link: https://www.econbiz.de/10005490038

Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - The Field Experiments Website - 2005

. We test the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a …

Persistent link: https://www.econbiz.de/10005432540

Risk Pooling, Commitment and Information: An experimental test of two fundamental assumptions

Barr, Abigail - The Field Experiments Website - 2003

information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across … view the assumptions made elsewhere in the literature. I also conduct a test of the relevance or external validity of the … experimental results to our understanding of real risk pooling behaviour. In four out of the five villages for which the test could …

Persistent link: https://www.econbiz.de/10005432545

Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - The Field Experiments Website - 2005

. We test the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a …

Persistent link: https://www.econbiz.de/10005432546

Joker: Choice in a simple game with large stakes

Matsen, Egil; Bjarne Strî˜ - The Field Experiments Website - 2006

This paper examines data from the Norwegian television game show Joker, where contestants make well-specified choices under risk. The game involves very large stakes, randomly drawn contestants, and ample opportunities for learning. Expected utility (EU) theory gives a simple prediction of...

Persistent link: https://www.econbiz.de/10005432560

Patience among children

Bettinger, Eric; Slonim, Robert - The Field Experiments Website - 2006

an artefactual field experiment. We examine their choices between varying levels of compensation received in two or four … discounting, boys are less patient than girls, older children are more patient and that mathematical achievement test scores … variables that explain this behavior other than age and standardized mathematical achievement test scores. …

Persistent link: https://www.econbiz.de/10005785099

Bidding Behavior and Decision Costs in Field Experiments

List, John A.; Lucking-Reiley, David - The Field Experiments Website - 2002

Whether rationality of economic behavior increases with expected payoffs and decreases with the cognitive cost it takes to formulate an optimal strategy remains an open question. We explore these issues with field data, using individual bids from sealed-bid auctions in which we sold nearly...

Persistent link: https://www.econbiz.de/10005785115

Anonymity in Giving in a Natural Context-A Field Experiment in Thirty Churches

Soetevent, Adriaan R. - The Field Experiments Website - 2005

The role of anonymity in giving is examined in a field experiment performed in thirty Dutch churches. For a period of …

Persistent link: https://www.econbiz.de/10005785122

Using field experiments to test equivalence between auction formats: Magic On the Internet

Lucking-Reiley, David - The Field Experiments Website - 1999

William Vickrey's predicted equivalences between first-price sealed-bid and Dutch auctions, and between second-price sealed-bid and English auctions, are tested using field experiments that auctioned off collectible trading cards over the Internet. The results indicate that the Dutch auction...

Persistent link: https://www.econbiz.de/10005785131