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: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on … fixed payoff that is respectively higher and lower than all possible payoffs of the decision maker. In the neutral context … social referent and decision maker will always earn the same amount. In the gain and loss contexts the decision maker has no …
Persistent link: https://www.econbiz.de/10011255676
authority and responder.Both players in each pair have earned an own income in an individual realeffort decision …
Persistent link: https://www.econbiz.de/10011255559
We use fluctuations of female sex hormones occurring naturally over the menstrual cycle or induced by hormonal contraceptives to determine the importance of sex hormones in explaining gender differences in competitiveness. Participants in a laboratory experiment solve a simple arithmetics task...
Persistent link: https://www.econbiz.de/10011255599
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011255774
This discussion paper resulted in an article in the 'Journal of Economic Behavior & Organization' (2014). Volume 108, pages 224-235.<P> In criminal cases judges evaluate and combine probabilistic evidence to reach verdicts. Unavoidably, errors are made, resulting in unwarranted conviction or...</p>
Persistent link: https://www.econbiz.de/10011256001
While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than …
Persistent link: https://www.econbiz.de/10011256730
We experimentally study the relationship between other-regarding preferences, group identity and political participation. In doing so, we propose a novel group identity induction procedure that succeeds in creating environments where in-group bias is either high or low. At the individual level,...
Persistent link: https://www.econbiz.de/10011256817
. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …
Persistent link: https://www.econbiz.de/10011256912
The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy, within a standard New Keynesian model, by means...
Persistent link: https://www.econbiz.de/10011257145
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011257391