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Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10011500169
How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...
Persistent link: https://www.econbiz.de/10010383874
We study gender differences in relation to performance and sabotage in competitions. While we find no systematic gender … differences in performance in the real effort task, we observe a strong gender gap in sabotage choices in our experiment. This gap … beliefs are exogenously aligned by implementing sabotage via strategy method, the gender gap in sabotage choices disappears …
Persistent link: https://www.econbiz.de/10011926075
We conducted a controlled experiment to study how different gender frames used in the instructions affect economic … gender-inclusive form. Participants played three standard economic two-player games measuring prosocial behavior. In … differently if their self-reported gender matched the grammatical gender used in the instructions. The results reveal that the …
Persistent link: https://www.econbiz.de/10014285523
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444
An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can account for empirically observed violations of expected utility-based theories. Almost all relevant applied models presume a general dislike of ambiguity. In this paper, we provide...
Persistent link: https://www.econbiz.de/10010496989
The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on...
Persistent link: https://www.econbiz.de/10011638247
We examine behavioral gender differences and gender pairing effects in a laboratory experiment with face … than female employers pay to male employees. Moreover, we find gender differences in the first offers of the bargaining … game. -- gender differences ; wage bargaining ; labor market experiment …
Persistent link: https://www.econbiz.de/10009571284
Extending the die rolling experiment of Fischbacher and Föllmi-Heusi (2013), we compare gender effects with respect to … unethical behavior by individuals and by two-person groups. In contrast to individual decisions, gender matters strongly under …
Persistent link: https://www.econbiz.de/10010412393
The gender gap in income and leadership positions in many domains of our society is an undisputed pervasive phenomenon … precise mechanisms behind the gender difference in competitive responsiveness are still not fully uncovered. In this paper, we … competitive incentives in mixed-gender competition. We use a real effort math task to induce an implicit stereotype threat against …
Persistent link: https://www.econbiz.de/10012404691