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entire estate goes to the eldest son. Combining a survey with a lab in the field experiment, we show that this is still the …
Persistent link: https://www.econbiz.de/10012659964
treatment. Yet often, finite mixture models need more data than the experiment provides. The approach requires ex ante knowledge …
Persistent link: https://www.econbiz.de/10012110573
evasion. Nevertheless most people pay their taxes most of the time. In a lab experiment, we show that the willingness to pay …
Persistent link: https://www.econbiz.de/10012110574
limitations irrelevant. This experiment shows that strong property rights serve this function. In theory, efficient outcomes …
Persistent link: https://www.econbiz.de/10012428599
their outside options. We run an experiment to test whether additional behavioral reasons deter mutually beneficial trade …. If the risk materializes, another individual makes a windfall profit. She does so by intentionally exploiting the first … individual. The first individual is let down, although she has knowingly exposed herself to this risk. Participants sell the …
Persistent link: https://www.econbiz.de/10012434964
Large Language Models (LLMs) have the potential to profoundly transform and enrich experimental economic research. We propose a new software framework, "alter_ego", which makes it easy to design experiments between LLMs and to integrate LLMs into oTree-based experiments with human subjects. Our...
Persistent link: https://www.econbiz.de/10015046579