Showing 1 - 10 of 116
Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...
Persistent link: https://www.econbiz.de/10009738333
Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for …
Persistent link: https://www.econbiz.de/10008699736
We explore whether individuals are averse to telling a Pareto white lie-a lie that benefits both themselves and another. We first review and summarize the existing evidence on Pareto white lies. We find that the evidence is relatively limited and varied in its conclusions. We then present new...
Persistent link: https://www.econbiz.de/10012432522
This chapter presents some insights from basic behavioural research on the role of human pro-social motivation to maintain social order. I argue that social order can be conceptualised as a public good game. Past attempts to explain social order typically relied on the assumption of selfish and...
Persistent link: https://www.econbiz.de/10010257224
Traditionally, students of economics have often been told that it is a non-experimental science. Using a quantitative and qualitative analysis of introductory economics textbooks, we track the historical evolution of this rhetoric from 1970 to the present day. We find that anti-experimental...
Persistent link: https://www.econbiz.de/10012297595
-negligible degrees of imprecision and error. This observation raises the more general question of whether mechanisms that work in theory …
Persistent link: https://www.econbiz.de/10011771262
By way of a field experiment conducted at a university cafeteria this paper finds that placing a vegetarian option instead of a meat option at the top of a menu decreases the share of meat dishes sold by 11%. This translates to a 6% decrease of daily emissions due to food sales. Using data on...
Persistent link: https://www.econbiz.de/10012432523
This paper reports a new and significant experimental demonstration that market participants adjust their bids towards the price observed in previous market periods when - by design - individuals' values should not be affiliated with the market price. This demonstration implies that market...
Persistent link: https://www.econbiz.de/10003769896
We report an experiment designed to evaluate the impact of loss aversion on rent-seeking contests. We find, as theoretically predicted, a negative relationship between rent-seeking expenditures and loss aversion. However, for any degree of loss aversion, levels of rent-seeking expenditure are...
Persistent link: https://www.econbiz.de/10003769900
Understanding the proximate and ultimate sources of human cooperation is a fundamental issue in all behavioural sciences. In this article we review the experimental evidence on how people solve cooperation problems. Existing studies show without doubt that direct and indirect reciprocity are...
Persistent link: https://www.econbiz.de/10003790691