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The Limits of Self-Governance in the Presence of Spite: Experimental Evidence from Urban and Rural Russia

Gaechter, Simon; Herrmann, Benedikt - The Field Experiments Website - 2006

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

Bidding in Common Value Auctions: How the Commercial Construction Industry Corrects for the Winner's Curse

Dyer, Douglas; Kagel, John H. - The Field Experiments Website - 1996

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

A simple test of expected utility theory using professional traders

List, John A.; Haigh, Michael - The Field Experiments Website - 2005

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

Are Experienced Managers Experts at Overcoming Coordination Failure?

Cooper, David J. - The Field Experiments Website - 2006

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

One, Two, (Three), Infinity: Newspaper and Lab Beauty-Contest Experiments

Bosch-Domenech, Antoni - The Field Experiments Website - 2002

-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

Economic inequality and burden-sharing in the provision of local environmental quality

Cardenas, Juan Camilo; Stranlund, John K.; Willis, Cleve E. - The Field Experiments Website - 2002

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

Local Environment Control and Institutional Crowding-out

Cardenas, Juan Camilo; Stranlund, John K.; Willis, Cleve E. - The Field Experiments Website - 2000

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 CEOs Expected Utility Maximizers?

List, John A.; Mason, Charles F. - The Field Experiments Website - 2010

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-centuryâ€™s models of choice under uncertainty. From a positive perspective, the ubiquitous...

Persistent link: https://www.econbiz.de/10010580379

How Do Groups Solve Local Commons Dilemmas? Lessons from Experimental Economics in the Field

Cardenas, Juan Camilo - The Field Experiments Website - 2001

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