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Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2021

This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...

Persistent link: https://www.econbiz.de/10013316382

Central School Exit Exams and Labor-Market Outcomes

Piopiunik, Marc; Schwerdt, Guido; Woessmann, Ludger - 2021

Many countries use centralized exit exams as a governance devise of the school system. While abundant evidence suggests positive effects of central exams on achievement tests, previous research on university-bound students shows no effects on subsequent earnings. We suggest that labor-market...

Persistent link: https://www.econbiz.de/10013315856

More Opportunity, More Cooperation? The Behavioral Effects of Birthright Citizenship on Immigrant Youth

Felfe, Christina - 2018

Inequality of opportunity, particularly when overlaid with racial, ethnic, or cultural differences, increases the social distance between individuals, which is widely believed to limit the scope of cooperation. A central question, then, is how to bridge such divides. We study the effects of a...

Persistent link: https://www.econbiz.de/10012916957

Firms and Collective Reputation : A Study of the Volkswagen Emissions Scandal

Bachmann, Ruediger - 2019

This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. We find that the Volkswagen scandal reduced the U.S. sales of the other German auto manufacturers—BMW, Mercedes- Benz, and Smart—by...

Persistent link: https://www.econbiz.de/10012900000

What Drives Aggregate Investment? : Evidence from German Survey Data

Bachmann, Ruediger; Zorn, Peter - 2021

The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that these subjective investment determinants 1) capture...

Persistent link: https://www.econbiz.de/10013315790

Lies in Disguise - A Theoretical Analysis of Cheating

Dufwenberg, Martin - 2017

We perform a (psychological) game-theoretic analysis of cheating in the setting proposed by Fischbacher & Föllmi-Heusi (2013). The key assumption, which we refer to as perceived cheating aversion, is that the decision maker derives disutility in proportion to the amount in which he is perceived...

Persistent link: https://www.econbiz.de/10012965717

Game Form Misconceptions Do Not Explain the Endowment Effect

Bartling, Björn - 2014

We test the claim that game form misconception among subjects making choices through the Becker-DeGroot-Marschak (BDM) value elicitation procedure provides an explanation for the endowment effect, as suggested by Cason and Plott (forthcoming). We employ a design that allows us to clearly...

Persistent link: https://www.econbiz.de/10013040481

Disguising Lies - Image Concerns and Partial Lying in Cheating Games

Khalmetski, Kiryl - 2019

We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013)-type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...

Persistent link: https://www.econbiz.de/10012902152

Expectations as Reference Points : Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment

Bartling, Björn - 2012

We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...

Persistent link: https://www.econbiz.de/10013105143

Distributional Preferences in Probabilistic and Share Contests

Hoffmann, Magnus - 2013

We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players … are sufficiently similar, distributional preferences create multiple equilibria. For the case of only mildly heterogeneous … players, equilibrium effort can be lower as well as higher than effort with standard, selfish preferences. These findings can …

Persistent link: https://www.econbiz.de/10013083268