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7. Individual Choice, Beliefs and Behavior
In: Handbook of experimental economics results : volume 1, (pp. 911-913). 2008
In many experimental studies it has been found that increasing the level of rewards, while not always significantly improving average support for the predictive hypothesis, nevertheless reduces the variance of the observations around the predicted outcome. Smith and Walker model the decision as...
Persistent link: https://www.econbiz.de/10014023523
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Chapter 112 Rewards and Behavior in First Price Auctions
Smith, Vernon L.; Walker, James M. - In: Handbook of experimental economics results : volume 1, (pp. 1054-1060). 2008
bid above the level predicted for risk-neutral agents, behavior which is consistent with as if risk averse. …
Persistent link: https://www.econbiz.de/10014023535
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2. Market Economics of Uncertainty and Information
In: Handbook of experimental economics results : volume 1, (pp. 299-302). 2008
The principles based on purposeful behavior, which have always been at the foundations of economics, began to expand to explain the acquisition of information and its use, including both the information that might be carried in the actions of others and in the behavior of markets. This evolution...
Persistent link: https://www.econbiz.de/10014023528
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Chapter 3 Exogenous Uncertainty Increases the Bid–Ask Spread in the Continuous Double Auction
Smith, Vernon L.; Van Boening, Mark - In: Handbook of experimental economics results : volume 1, (pp. 25-30). 2008
This chapter focuses on the exogenous uncertainty increases the bidask spread in the continuous double auction. These experiments demonstrate that exogenous uncertainty can increase the bidask spread in the continuous double auction. This chapter observes greater mean and median spreads, and a...
Persistent link: https://www.econbiz.de/10014023644
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Chapter 57 Differences in the Economic Decisions of Men and Women: Experimental Evidence
Eckel, Catherine C.; Grossman, Philip J. - In: Handbook of experimental economics results : volume 1, (pp. 509-519). 2008
play of men and women is evident in those settings where subjects are exposed to risk. In those settings where risk is … absent, systematic differences are revealed. This finding is conditioned by the level of risk. …
Persistent link: https://www.econbiz.de/10014023590
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Chapter 113 Men, Women and Risk Aversion: Experimental Evidence
Eckel, Catherine C.; Grossman, Philip J. - In: Handbook of experimental economics results : volume 1, (pp. 1061-1073). 2008
This chapter reviews the results from experimental measures of risk aversion for evidence of systematic differences in … the behavior of men and women. In most studies, women are found to be more averse to risk than men. Studies with … contextual frames show less consistent results. Whether men and women systematically differ in their responses to risk is an …
Persistent link: https://www.econbiz.de/10014023534
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Chapter 111 Payoff Scale Effects and Risk Preference Under Real and Hypothetical Conditions
Laury, Susan K.; Holt, Charles A. - In: Handbook of experimental economics results : volume 1, (pp. 1047-1053). 2008
other contexts. In the absence of a widely accepted theory of when incentives matter, it is probably not advisable to derive …
Persistent link: https://www.econbiz.de/10014023536
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Chapter 97 Motivation Theory and Experimental Behavior under the Decision Cost Hypothesis
Smith, Vernon L.; Walker, James M. - In: Handbook of experimental economics results : volume 1, (pp. 914-922). 2008
constant relative risk aversion using actual bid data is four times larger than under hypothetical assessment. This chapter …
Persistent link: https://www.econbiz.de/10014023550
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Chapter 94 Three-way Experimental Election Results: Strategic Voting, Coordinated Outcomes and Duverger's Law
Rietz, Thomas - In: Handbook of experimental economics results : volume 1, (pp. 889-897). 2008
This chapter discusses here all used plurality voting. Thus, subjects could cast the vote vectors (1, 0, 0), (0, 1, 0), (0, 0, 1) and (0, 0, 0) for the candidates O, G and B, respectively. After each election, the candidate with the most votes was declared the winner and subjects were paid...
Persistent link: https://www.econbiz.de/10014023553
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Chapter 88 Voluntary Provision of Public Goods
Chan, Kenneth S.; Mestelman, Stuart; Muller, R. Andrew - In: Handbook of experimental economics results : volume 1, (pp. 831-835). 2008
incorporates equity theory is used to generate alternative hypotheses for the behavior of individual contributors. Aggregate …
Persistent link: https://www.econbiz.de/10014023559