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We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
Persistent link: https://www.econbiz.de/10011476573
and can improve individual and public welfare. This paper presents the results of a controlled experiment that was … experiment, and those who kept participating were less likely to pledge again. This, along with high attrition among nudged … selection effect of nudges, and discuss practical implications of our experiment in terms of the applicability of default …
Persistent link: https://www.econbiz.de/10011694731
laboratory experiment, we find that more than 75% of subjects play strategies that belong to the predicted equilibrium set …
Persistent link: https://www.econbiz.de/10012011743