We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We …, it raised the lowest revenue per household in the field. Our experiment reveals two potential explanations for this …

We conduct a field experiment among 189 stores of a retail chain to study dynamic incentive effects of relative …