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Kirchkamp, Oliver; Mill, Wladislaw - 2019

In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and spite can be used to rationalize deviations from risk...

Persistent link: https://www.econbiz.de/10012018322

Conditional Cooperation and the Effect of Punishment

Kirchkamp, Oliver; Mill, Wladislaw - 2018

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish others. In particular, we disentangle the decision to be a...

Persistent link: https://www.econbiz.de/10011887375

Discrimination at Young Age: Experimental Evidence from Preschool Children

Bindra, Parampreet Christopher; Glätzle-Rützler, Daniela - 2018

Discrimination is an ubiquitous phenomenon in many societies, but little is known about its origins in childhood. In a framed field experiment, we let 142 three to six-year old preschool children allocate a fixed endowment between an in-group and an out-group receiver in two domains (gender and...

Persistent link: https://www.econbiz.de/10011957212

Collective Intertemporal Decisions and Heterogeneity in Groups

Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2019

Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...

Persistent link: https://www.econbiz.de/10012052822

Discrimination in the General Population

Angerer, Silvia; Brosch, Hanna; Glätzle-Rützler, Daniela - 2024

We present representative evidence of discrimination against migrants through an incentivized choice experiment with over 2,000 participants. Decision makers allocate a fixed endowment between two receivers. To measure discrimination, we randomly vary receivers' migration background and other...

Persistent link: https://www.econbiz.de/10014574281

The Formation of Risk Preferences through Small-Scale Events

Angerer, Silvia; Dutcher, E. Glenn; Glätzle-Rützler, … - 2021

Large, macroeconomic shocks in the past have been shown to influence economic decisions in the present. We study in an experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In line with a reinforcement learning model, we...

Persistent link: https://www.econbiz.de/10012657976

The Roots of Cooperation

Bašic, Zvonimir; Bindra, Parampreet Christopher; … - 2021

We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine pre-registered hypotheses about which of three fundamental pillars of human cooperation – direct and indirect reciprocity, and third-party punishment – emerges earliest...

Persistent link: https://www.econbiz.de/10012799704

Too Lucky to be True - Fairness Views under the Shadow of Cheating

Bortolotti, Stefania; Soraperra, Ivan; Sutter, Matthias; … - 2017

inequality, such as differences in effort, luck, or opportunities. We study how fairness views and the extent of redistribution … outcome. Although third parties cannot verify cheating, we find that the mere suspicion of cheating changes fairness views of ….e., participants who never redistribute. Without cheating opportunities, libertarian fairness views dominate, while egalitarian views …

Persistent link: https://www.econbiz.de/10011698730

Do Gender Preference Gaps Impact Policy Outcomes?

Ranehill, Eva; Weber, Roberto A. - 2017

Many studies document systematic gender differences in a variety of important economic preferences, such as risk-taking, competition and pro-sociality. One potential implication of this literature is that increased female representation in decision-making bodies may significantly alter...

Persistent link: https://www.econbiz.de/10011777641

Children's Patience and School-Track Choices Several Years Later: Linking Experimental and Field Data

Angerer, Silvia; Bolvashenkova, Jana; … - 2021

We present direct evidence on the link between children’s patience and educational-track choices years later. Combining an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three years later at the end of middle school, we find...

Persistent link: https://www.econbiz.de/10012599197