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Inferring discount rates from time-preference experiments

Duquette, Eric; Higgins, Nathaniel; Horowitz, John - In: Economics Letters 123 (2014) 2, pp. 212-215

We observe that identification of the discount rate from experimental data requires an assumption about the consumption period, the length of time over which a payment will be turned into utility-providing consumption. We show that the optimal consumption period is substantially longer than...

Persistent link: https://www.econbiz.de/10010906364

Non-monetary incentives in online experiments

Vinogradov, Dmitri; Shadrina, Elena - In: Economics Letters 119 (2013) 3, pp. 306-310

Monetary incentives in online experiments are not always easy to implement. Yet online experiments are advantageous in … plausible results from online experiments by using non-monetary incentives like altruism and curiosity? We investigate the role … of non-monetary incentives in a simple Ellsberg-type experiment which can be easily compared to similar lab experiments. …

Persistent link: https://www.econbiz.de/10010664139

Utility of a quarter-million

Blavatskyy, Pavlo R. - In: Economics Letters 117 (2012) 3, pp. 650-653

This paper presents a new method how to elicit the Bernoulli utility function over a wide range of monetary outcomes using approximation through Taylor expansion. The new method is applied to the natural experiment provided by the Swiss version of the television show Deal or No Deal.

Persistent link: https://www.econbiz.de/10010594087

Solidarity among the poor

Oliveira, Angela C.M. de; Eckel, Catherine C.; Croson, … - In: Economics Letters 123 (2014) 2, pp. 144-148

We conduct a field experiment with low-income subjects in Dallas, Texas. We examine voluntary, informal risk sharing using a visual representation of the solidarity game developed for low-literacy populations. We find substantially more ‘fixed gift to loser’ behavior and less...

Persistent link: https://www.econbiz.de/10010906371

Moderate stake variations for risk and uncertainty, gains and losses: Methodological implications for comparative studies

Vieider, Ferdinand M. - In: Economics Letters 117 (2012) 3, pp. 718-721

Risk attitudes are known to be sensitive to large stake variations. However, little is known on the sensitivity to moderate variations in stakes. This is important for studies that want to compare risk attitudes between countries or over time. I find that variations of ±20% affect only utility,...

Persistent link: https://www.econbiz.de/10011041766

Risk-taking for others under accountability

Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M. - In: Economics Letters 114 (2012) 1, pp. 102-105

We let subjects take risky decisions that affect themselves and a passive recipient. Adding a requirement to justify their choices significantly reduces loss aversion. This indicates that such an accountability mechanism may be effective at debiasing loss aversion in agency relations.

Persistent link: https://www.econbiz.de/10010597194

Exploring the origins of charitable acts: Evidence from an artefactual field experiment with young children

List, John A.; Samak, Anya C. - In: Economics Letters 118 (2013) 3, pp. 431-434

An active area of research within economics concerns the underpinnings of why people give to charitable causes. This study takes a new approach to this question by exploring motivations for giving among children aged 3–5. Using data gathered from 122 children, our artefactual field experiment...

Persistent link: https://www.econbiz.de/10010688090

Fractionalization and trust in India: A field-experiment

Chuah, Swee-Hoon; Fahoum, Reema; Hoffmann, Robert - In: Economics Letters 119 (2013) 2, pp. 191-194

Is India’s high fractionalization associated with mistrust between its two main religious communities? An inter-ethnic trust game field experiment confirms intergroup bias in mutually lower offers between urban Muslims and Hindus in Mumbai. There are no differences in trustworthiness based on...

Persistent link: https://www.econbiz.de/10010664129

The multidimensional effects of a small gift: Evidence from a natural field experiment

Garbarino, Ellen; Slonim, Robert; Wang, Carmen - In: Economics Letters 120 (2013) 1, pp. 83-86

Using a large natural field experiment, we demonstrate that a small unconditional gift (pen) more than doubled both small (survey) and large (blood donation) responses. We find no evidence that the opportunity for a small response crowded out the larger response; asking participants to also...

Persistent link: https://www.econbiz.de/10010665683

Reversal and magnitude effects in long-term time preferences: Results from a field experiment

Bocquého, Géraldine; Jacquet, Florence; Reynaud, Arnaud - In: Economics Letters 120 (2013) 1, pp. 108-111

We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards,...

Persistent link: https://www.econbiz.de/10010665693

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