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punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team … investigates team decisions in different settings. We study team decisions in a public goods contribution game with a costly …, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals. …
Persistent link: https://www.econbiz.de/10010189837
can generate systematic biases in revealed preference measures such as spurious risk aversion. These effects are very …
Persistent link: https://www.econbiz.de/10014340230
This paper studies the relevance of cognitive uncertainty - subjective uncertainty over one’s utility-maximizing action - for understanding and predicting intertemporal choice. The main idea is that when people are cognitively noisy, such as when a decision is complex, they implicitly treat...
Persistent link: https://www.econbiz.de/10012697938
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …
Persistent link: https://www.econbiz.de/10014556632
In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we call this interpersonal uncertainty. We show that people’s response to interpersonal uncertainty shapes well-known patterns of prosocial behavior. First, using standard...
Persistent link: https://www.econbiz.de/10014576953
social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh … team projects. …
Persistent link: https://www.econbiz.de/10013440406
We introduce the word illustration task (WIT), a novel experimental task to quantify performance in an idea generation context. Between treatments, we vary whether or not piece-rate (PR) incentives are implemented and the degree to which these incentives are aligned with the desirable outcome....
Persistent link: https://www.econbiz.de/10015179208
effect of observing a peer from that of being observed by a peer, by setting up a real effort experiment in which we …. We consider both a piece rate compensation scheme, where pay depends solely on own performance, and a team compensation … scheme, where pay also depends on the performance of other team members. Overall, we find some evidence that subjects who are …
Persistent link: https://www.econbiz.de/10010229865
participated in our experiment in groups of up to 100 subjects. The results confirm that first-round contributions increase with …
Persistent link: https://www.econbiz.de/10010424887
, exposing them to the risk of having to pay a large premium in case they are discovered to have a high probability of developing … a disease (a discrimination risk). Differently, Consent Law allows them to hide this detrimental information, creating … exogenous values of adverse selection under Consent Law, and the repeated interactions experiment devised has not resulted in …
Persistent link: https://www.econbiz.de/10010433974