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Laws consist of two components: the 'obligations' they express and the 'incentives' designed to enforce them.In this … paper we run a public good experiment to test whether or not obligations have any independent effect on cooperation in … social dilemmas.The results show that, for given marginal incentives, different levels of minimum contribution required by …
Persistent link: https://www.econbiz.de/10011090423
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 voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...
Persistent link: https://www.econbiz.de/10011092305
experiment in which leaders have different costs of leading. Our findings suggest that higher costs of leading lead to stronger …
Persistent link: https://www.econbiz.de/10011092578
Over the past decades there has been an increasing use of panel surveys at the household or individual level, instead of using independent cross-sections. Panel data have important advantages, but there are also two potential drawbacks: attrition bias and panel conditioning effects. Attrition...
Persistent link: https://www.econbiz.de/10011090305
show that both forces are at play. We conduct a natural field experiment where, in a randomly assigned part of a …
Persistent link: https://www.econbiz.de/10011090473
This article shows that respondents gain meaning from visual cues in a web survey as well as from verbal cues (words).We manipulated the layout of a five point rating scale using verbal, graphical, numerical, and symbolic language. This paper extends the existing literature in four directions:...
Persistent link: https://www.econbiz.de/10011090766
Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we...
Persistent link: https://www.econbiz.de/10011090796
We specify and estimate an econometric model which separately identifies distributional preferences and the effects of perceived intentions on responder behavior in the ultimatum game. We allow the effects of perceived intentions to depend, among other things, on the subjective probabilities...
Persistent link: https://www.econbiz.de/10011091035
Differences in answers in Internet and traditional surveys can be due to selection, mode, or context effects. We exploit unique experimental data to analyze mode and context effects controlling for arbitrary selection. The Health and Retirement Study (HRS) surveys a random sample of the US 50+...
Persistent link: https://www.econbiz.de/10011091152