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Chen, Yan; Li, Sherry Xin - In: American Economic Review 99 (2009) 1, pp. 431-57

We present a laboratory experiment that measures the effects of induced group identity on social preferences. We find that when participants are matched with an ingroup member, they show a 47 percent increase in charity concerns and a 93 percent decrease in envy. Likewise, participants are 19...

Persistent link: https://www.econbiz.de/10004999850

Pavlovian Processes in Consumer Choice: The Physical Presence of a Good Increases Willingness-to-Pay

Bushong, Benjamin; King, Lindsay M.; Camerer, Colin F.; … - In: American Economic Review 100 (2010) 4, pp. 1556-71

This paper describes a series of laboratory experiments studying whether the form in which items are displayed at the time of decision affects the dollar value that subjects place on them. Using a Becker-DeGroot auction under three different conditions — (i) text displays, (ii) image displays,...

Persistent link: https://www.econbiz.de/10008645047

Overconfidence in Political Behavior

Ortoleva, Pietro; Snowberg, Erik - In: American Economic Review 105 (2015) 2, pp. 504-35

This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of … overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and stronger … are tested using unique data that measure the overconfidence and standard political characteristics of a nationwide sample …

Persistent link: https://www.econbiz.de/10011156808

Does Money Illusion Matter? Comment

Petersen, Luba; Winn, Abel - In: American Economic Review 104 (2014) 3, pp. 1047-62

This paper experimentally investigates whether money illusion generates substantial nominal inertia. Building on the design of Fehr and Tyran (2001), we find no evidence that agents choose high nominal payoffs over high real payoffs. However, participants do select prices associated with high...

Persistent link: https://www.econbiz.de/10010747837

Efficiency Gains from Team-Based Coordination—Large-Scale Experimental Evidence

Feri, Francesco; Irlenbusch, Bernd; Sutter, Matthias - In: American Economic Review 100 (2010) 4, pp. 1892-1912

The need for efficient coordination is ubiquitous in organizations and industries. The literature on the determinants of efficient coordination has focused on individual decision making so far. In reality, however, teams often have to coordinate with other teams. We present a series of...

Persistent link: https://www.econbiz.de/10008645046

Thar She Blows: Can Bubbles Be Rekindled with Experienced Subjects?

Hussam, Reshmaan N.; Porter, David; Smith, Vernon L. - In: American Economic Review 98 (2008) 3, pp. 924-37

We report 28 new experiment sessions consisting of up to three experience levels to examine the robustness of learning and "error" elimination among participants in a laboratory asset market and its effect on price bubbles. Our answer to the title question is: "yes." We impose a large increase...

Persistent link: https://www.econbiz.de/10005571777

An Approach to Incorporating Psychology into Economics

Rabin, Matthew - In: American Economic Review 103 (2013) 3, pp. 617-22

This article proposes an approach to improving the psychological realism of economics while maintaining its conventional techniques and goals--formal theoretical and empirical analysis using tractable models, with a focus on prediction and estimation. Besides tolerating the imperfections that...

Persistent link: https://www.econbiz.de/10010659327

Leader Punishment and Cooperation in Groups: Experimental Field Evidence from Commons Management in Ethiopia

Kosfeld, Michael; Rustagi, Devesh - In: American Economic Review 105 (2015) 2, pp. 747-83

We conduct a social dilemma experiment in which real-world leaders can punish group members as a third party. Despite facing an identical environment, leaders are found to take remarkably different punishment approaches. The different leader types revealed experimentally explain the relative...

Persistent link: https://www.econbiz.de/10011156809

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias; Kocher, Martin G.; … - In: American Economic Review 103 (2013) 1, pp. 510-31

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...

Persistent link: https://www.econbiz.de/10011129974

Thar 'She' Blows? Gender, Competition, and Bubbles in Experimental Asset Markets

Eckel, Catherine C. - 2016

Do women and men behave differently in financial asset markets? Our results from an asset market experiment using the Smith, Suchaneck, and Williams (1988) framework show marked gender difference in producing speculative price bubbles. Using 35 markets from different studies, a meta-analysis...

Persistent link: https://www.econbiz.de/10013007486

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