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Pay few subjects but pay them well : cost-effectiveness of random incentive systems

March, Christoph; Ziegelmeyer, Anthony; Greiner, Ben; … - 2016

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

Gender differences in sabotage : the role of uncertainty and beliefs

Dato, Simon; Nieken, Petra - 2018

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

He, she, they? : the impact of gendered language on economic behavior

Gorny, Paul Matthias; Nieken, Petra; Ströhlein, Karoline - 2023

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

The impact of losing in a competition on the willingness to seek further challenges

Buser, Thomas - 2014

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

Ambiguity attitudes of individuals and groups in gain and loss domains

Minnich, Aljoscha; Lange, Andreas - 2023

This study measures the differences in ambiguity attitudes of groups and individuals in the gain and loss domain. We elicit the ambiguity attitudes and ambiguity-generated insensitivity for natural temperature events. We do not find significant differences between individuals and groups in our...

Persistent link: https://www.econbiz.de/10014431395

Ambiguity aversion is the exception

Kocher, Martin; Lahno, Amrei Marie; Trautmann, Stefan T. - 2015

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

Overconfidence in investment decisions : an experimental approach

Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - 2001

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

Disappointment aversion and social comparisons in a real-effort competition

Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017

We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...

Persistent link: https://www.econbiz.de/10011658021

Risk aversion as a perceptual bias

Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2017

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

Do women comply more than men? : experimental evidence from a general population sample

Süer, Müge; Cerutti, Nicola; Friedrichsen, Jana; … - 2024

Women are often perceived as more compliant than men; however, the literature provides inconclusive evidence. Using a novel experimental design comprising two complementary experiments, we test this claim in online samples representative of the German adult population. The first experiment...

Persistent link: https://www.econbiz.de/10015179207