simultaneously equalizing average outcomes among several control groups from a randomized experiment. We study linear regression …

punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects … hypotheses derived from the theory. …

We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece …) the reference point in a risk-free environment behave risk averse (seeking) in risky environments. In a second experiment …

experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …

framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …