Complexity aversion describes the preference of decision makers for less complex options that cannot be explained by expected utility theory. While a number of research articles investigate the effects of complexity on choices, up to this point there exist only theoretical approaches aiming to...

Does the procedure of entitlement affect fairness perceptions? We use a dictator game to study the question in mixed gender pairs. In our experiments, we vary the process of entitlement across treatments. Allocators in our dictator game can inherit an amount without any effort, earn an amount...

Yang et al.(2007) show that assortative matching mechanisms can induce a high level of cooperation to prevail in repeated prisoners' dilemma experiments, but societies may also head to an all-defection state rapidly. Here, we additionally provide information on income distribution and show that...

This paper contributes to the empirical literature on the connection between productivity and gender by using experimental methods in order to produce the relevant data that is missing. This experiment is based on a principal agent game in which principals offer payments and agents choose a...

This note reflects on the key parameter of the popular logistic quantal-response equilibrium in order to set some common guidelines on its empirical interpretation. It is stressed that the estimated model must be in harmony with the experimental design, because the estimation results on mu prove...

Overconfidence can lead to excessive business entry. Here we replicate the pioneer experiment finding this nexus (Camerer and Lovallo 1999) and extend it in two major directions: (1) to consider managers as well as student subjects and (2) to explicitly take into account selected characteristics...

We use a simple trust-game to elicit trusting and trustworthy behavior among students majoring in economics and other disciplines. We also administer a Social Values Orientation (SVO) survey to evaluate any possible correlation between an individual's levels of trust indicated in the survey and...

This paper experimentally investigates the effect of limits on campaign expenditure and outcome in an electoral contest where two candidates, an incumbent and a challenger, compete for office in terms of the amount of campaign expenditure. The candidates are asymmetric only in that the incumbent...

This paper studies the impact of financially rewarding good deeds on self-licensing. We run a between-subjects experiment comprised of an adapted dictator game preceded by paid and unpaid pro-environmental tasks. We find that prefacing the dictator game with an unpaid good deed seems to...

This experiment finds that the Becker-DeGroot-Marschak (BDM) (1964) valuation mechanism under-predicts the proportion of subjects choosing cash over an item. The extent of the divergence is increasing in risk aversion, which is consistent with reference dependent preferences. This suggests a...