Showing 1 - 10 of 46
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010984927
This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments …. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ranging from low to … high. Attitudes towards risk and attitudes towards ambiguity are disentangled, providing pure measures of ambiguity …
Persistent link: https://www.econbiz.de/10011163953
The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same … experiment. Our analysis complements and extends Hey (2001) who analyzes for each subject the fit of several preference …
Persistent link: https://www.econbiz.de/10011164029
We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the …
Persistent link: https://www.econbiz.de/10010955177
effects of reciprocal behavior we design an experiment where a public official decides upon accepting a bribe that leads to a … measured with a subsequent lottery-choice experiment do not correlate with the behavior observed in the corruption experiment …
Persistent link: https://www.econbiz.de/10010955201
Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...
Persistent link: https://www.econbiz.de/10010957987
Optimal voting rules have to be adjusted to the underlying distribution of preferences. However, in practice there usually is no social planner who can perform this task. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they...
Persistent link: https://www.econbiz.de/10011212437
Transparency and accountability are often regarded as crucial for good governance and the efficient organization of public affairs. To systematically explore the impact of transparency and accountability on cooperation, we conduct a series of laboratory experiments on a variation of the public...
Persistent link: https://www.econbiz.de/10011212439
We study deception choices and deception detection in a tax compliance experiment. We find large systematic differences …
Persistent link: https://www.econbiz.de/10011163901
We implement a laboratory experiment in which a principal has to decide on monitoring intensity and pay to investigate … be complements. The between-treatment variation in our experiment is qualitatively in line with the normative prediction …
Persistent link: https://www.econbiz.de/10011163912