Showing 1 - 10 of 254
States: college students, non-student adults from the community surrounding the college, and adult trainee truckers in a …, we observe a large difference between self-selected college students and self-selected adults: the students appear …
Persistent link: https://www.econbiz.de/10009619514
Belief elicitation is an important methodological issue for experimental economists. There are two generic questions: 1) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these questions in the case of finitely repeated public goods...
Persistent link: https://www.econbiz.de/10003990218
Efficiency under contractual incompleteness often requires voluntary cooperation in situations where self-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the gift-exchange game of how explicit and implicit...
Persistent link: https://www.econbiz.de/10009153163
We use a limited information environment to assess the role of confusion in the repeated voluntary contributions game. A comparison with play in a standard version of the game suggests, that the common claim that decision errors due to confused subjects biases estimates of cooperation upwards,...
Persistent link: https://www.econbiz.de/10009690143
so in the latter half of the experiment. This result contradicts Croson (2000). We discuss the implications of our …
Persistent link: https://www.econbiz.de/10003375964
Betrayal aversion has been operationalized as the evidence that subjects demand a higher risk premium to take social risks compared to natural risks. This evidence has been first shown by Bohnet and Zeckhauser (2004) using an adaptation of the Becker-DeGroot-Marshak mechanism (BDM, Becker et al....
Persistent link: https://www.econbiz.de/10010530639
Communication has been regarded as one of the most effective devices in promoting team cooperation. But asymmetric communication sometimes breeds collusion and is detrimental to team efficiency. Here, we present experimental evidence showing that excluding one member from team communication...
Persistent link: https://www.econbiz.de/10011912001
. To this end, we conduct a repeated public goods experiment with and without punishment using samples from the laboratory … and the online platform Amazon Mechanical Turk. We chose to replicate this experiment because it is long and logistically … reducing dropout and show that, for our case study, dropouts are exogenous to the experiment. We conclude that data quality for …
Persistent link: https://www.econbiz.de/10011602758
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to crowding out of voluntary cooperation even after...
Persistent link: https://www.econbiz.de/10014529308
Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices....
Persistent link: https://www.econbiz.de/10001835606