Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …

Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities … confidence about one's own ability on two central choices made by workers in the labor market: choosing between jobs with … confidence leads to an increase in subjects' propensity to choose payment schemes that depend heavily on ability. This is …

-Stay-Lose-Shift, are not prevalent. We also find that the strategies used to support cooperation change with the parameters of the game …. Zudem stellt sich heraus, dass die Strategien, die Kooperation unterstützen sollen, sich mit den Parametern des Spiels …

A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always … identified as important determinants of institutional choice. Cooperation tends to be higher under endogenously chosen …