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We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet … with laboratory data on student subjects for the same experiment in order to investigate effects of implementation mode and … of subject pool selection. We find that the frequency of errors in the lab experiment is drastically below that of the …
Persistent link: https://www.econbiz.de/10011090335
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch …
Persistent link: https://www.econbiz.de/10011090573
We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … individual’s level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …
Persistent link: https://www.econbiz.de/10011091811
We consider a firm's decision to replace an existing production technology with a new, more cost-efficient one.Kulatilaka and Perotti [1998, Management Science] nd that, in a two-period model, increased product market uncertainty could encourage the firm to invest strategically in the new...
Persistent link: https://www.econbiz.de/10011091411
Persistent link: https://www.econbiz.de/10011092148
Persistent link: https://www.econbiz.de/10011090556
In the area of computer simulation, Latin hypercube designs play an important role. In this paper the classes of maximin and Audze-Eglais Latin hypercube designs are considered. Up to now only several two-dimensional designs and a few higher dimensional designs for these classes have been...
Persistent link: https://www.econbiz.de/10011090728
reward investments in building up social capital by means of an economic experiment.We find substantial heterogeneity and … impact on behavior in the experiment. …
Persistent link: https://www.econbiz.de/10011090840
public-good features of the experiment dominate the possibilities for intertemporal rewarding and punishing …
Persistent link: https://www.econbiz.de/10011090845
The problem of finding a maximin Latin hypercube design in two dimensions can be described as positioning n non-attacking rooks on an n x n chessboard such that the minimal distance between pairs of rooks is maximized.Maximin Latin hypercube designs are important for the approximation and...
Persistent link: https://www.econbiz.de/10011090862