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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
perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …
Persistent link: https://www.econbiz.de/10010415523
Persistent link: https://www.econbiz.de/10009720697
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10011373818
Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a reflection effect not only for second order risk...
Persistent link: https://www.econbiz.de/10011924804
In this paper we analyze a large sample of individual responses to six lottery questions. Wederive a simultaneous estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of a large prize is smoothed over a largertime period. It...
Persistent link: https://www.econbiz.de/10011333268
The common view that buyer power of insurers may effectively counteract provider market power critically rests on the idea that consumers and insurers have a joint interest in extracting price concessions. However, in markets where the buyer is an insurer, the interests of insurers and consumers...
Persistent link: https://www.econbiz.de/10011456744
experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more …
Persistent link: https://www.econbiz.de/10011583687
We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011928322
Persistent link: https://www.econbiz.de/10010191024