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Are we nice(r) to nice(r) people? An Experimental Analysis

Albert, Max; Güth, Werner; Kirchler, Erich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

We experimentally investigate whether individuals can reliably detect cooperators in an anonymous decision environment by allowing participants to condition their choices in an asymmetric prisoner's dilemma and a trust game (i) on their partner's donation share to a self-selected charity, and...

Persistent link: https://www.econbiz.de/10005867074

THE EQUITY HOME BIAS: CONTRASTING AN INSTITUTIONAL WITH A BEHAVIORAL EXPLANATION

Fellner, Gerlinde; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

explanationsby comparing asymmetric information to social identity. Our results showthat social forces, triggered by group … behavior equally well as asymmetric information. We also findthat individuals are spuriously more optimistic toward the …

Persistent link: https://www.econbiz.de/10005866979

Risk Attitude and Market Behavior:Evidence from Experimental Asset Markets

Fellner, Gerlinde; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

In this paper we relate individual risk attitude as elicited by binary lotteriesand certainty equivalents to market behavior. By analyzing 26 independentmarkets with a total of 280 participants we show that binary lottery choicesand certainty equivalents are poorly correlated. Only lottery...

Persistent link: https://www.econbiz.de/10005867015

Overconfidence in Investment Decisions:An Experimental Approach

Dittrich, Dennis; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute …

Persistent link: https://www.econbiz.de/10005867326

Illusion of Expertise in Portfolio Decisions:An Experimental Approach

Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001

This paper focuses on egocentric biases in financial decisions. Subjects first designa portfolio, whereby each combination of assets yields the same expected returnand variance of returns. They are then confronted with two alternative portfolios;the average portfolio and the portfolio of one’s...

Persistent link: https://www.econbiz.de/10005867327

An Experimental Study of Bargaining with Low or no Costs of Delay andConstant or Alternating Roles

Güth, Werner; Levati, Maria Vittoria; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001

In this paper we study the robustness of the deadline effect in bargaininggames using constant and slowly decreasing pies, different time horizons,and both constant and alternating role modes. With decreasing pies efficiency requires early agreements while constant pies allow for efficient late...

Persistent link: https://www.econbiz.de/10005867328

Does Ignorance of Economic Returns and Costs Explain the Educational Aspiration Gap? Evidence From Representative Survey Experiments

Lergetporer, Philipp; Werner, Katharina; Woessmann, Ludger - 2018

. Experimental provision of return and cost information significantly increases educational aspirations. However, it does not close … the aspiration gap as university graduates respond even more strongly to the information treatment. Persistent effects in … a follow-up survey indicate that participants indeed process and remember the information. Differences in economic …

Persistent link: https://www.econbiz.de/10011932956

Educational Inequality and Public Policy Preferences: Evidence From Representative Survey Experiments

Lergetporer, Philipp; Werner, Katharina; Woessmann, Ludger - 2018

To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strong positive information treatment effect, which is increased further by informing about policy effectiveness. …

Persistent link: https://www.econbiz.de/10011932975

Earnings information and public preferences for university tuition: Evidence from representative experiments

Lergetporer, Philipp; Woessmann, Ludger - 2022

about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise … opposing tuition. Providing information on the university earnings premium raises support for tuition by 7 percentage points …, turning the plurality in favor. The opposition-reducing effect persists two weeks after treatment. Information on fiscal costs …

Persistent link: https://www.econbiz.de/10013197534

The political economy of higher education finance: How information and design affect public preferences for tuition

Lergetporer, Philipp; Woessmann, Ludger - 2019

Public preferences for charging tuition are important for determining higher education finance. To test whether public … support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on …

Persistent link: https://www.econbiz.de/10012141851