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On the effect of anchoring on valuations when the anchor is transparently uninformative

Ioannidis, Konstantinos; Offerman, Theo; Sloof, Randolph - 2020 - Revision: April 2020

We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects by asking them if they are willing to sell a bottle of wine for a transparently uninformative random price. We elicit subjects' Willingness-To-Accept for the bottle before and...

Persistent link: https://www.econbiz.de/10012122507

Why do oaths work? : image concerns and credibility in promise keeping

Kingsuwankul, Sorravich; Tergiman, Chloe; Villeval, … - 2023

We use a laboratory experiment to understand the channels through which honesty oaths can affect behavior and …

Persistent link: https://www.econbiz.de/10014380769

The economics of altruistic punishment and the demise of cooperation

Egas, Martijn; Riedl, Arno - 2005

Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...

Persistent link: https://www.econbiz.de/10011343948

Afriat in the lab

Heufer, Jan; Bruggen, Paul van - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is … the experiment. Hence for so-called induced budget experiments the Generalized Axiom of Revealed Preference is a necessary … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid …

Persistent link: https://www.econbiz.de/10011563010

Negative reciprocity and the interaction of emotions and fairness norms

Reuben, Ernesto; Winden, Frans A. A. M. van - 2005

This experimental study investigates how behavior changes after punishment for an unkind action. It also studies how fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role experiences. A repeated version of the power-to-take...

Persistent link: https://www.econbiz.de/10011343297

Homothetic preferences revealed

Heufer, Jan; Hjertstrand, Per - 2017

We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...

Persistent link: https://www.econbiz.de/10011773009

Habitual communication

Ioannidis, Konstantinos - 2022

Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...

Persistent link: https://www.econbiz.de/10012887895

Train commuters' scheduling preferences : evidence from a large-scale peak avoidance experiment

Peer, Stefanie; Knockaert, Jasper; Verhoef, Erik T. - 2015

collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary … rewards for traveling outside peak hours. The experiment included ca. 1000 participants and lasted for about 6 months. Holders … of an annual train pass were invited to join the experiment, and a customized smartphone app was used to measure the …

Persistent link: https://www.econbiz.de/10011295719

Social ties in a public good experiment

Dijk, Frans van; Sonnemans, Joep; Winden, Frans A. A. M. van - 1996

The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment … part couples play 25 periods of a public good game. In the third part the attitudes of subjects to their partners in the …

Persistent link: https://www.econbiz.de/10010232143

Peers at work : from the field to the lab

Veldhuizen, Roel van; Oosterbeek, Hessel; Sonnemans, Joep - 2014

riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …

Persistent link: https://www.econbiz.de/10010348415