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Five Open Questions About Prediction Markets

Wolfers, Justin; Zitzewitz, Eric - 2021

Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature,...

Persistent link: https://www.econbiz.de/10013317671

Cooperativeness and Impatience in the Tragedy of the Commons

Fehr, Ernst; Leibbrandt, Andreas - 2021

This paper examines the role of other-regarding and time preferences for cooperation in the field. We study the preferences of fishermen whose main, and often only, source of income stems from using a common pool resource (CPR). The exploitation of a CPR involves a negative interpersonal and...

Persistent link: https://www.econbiz.de/10013325048

Performance Pay, Group Selection andGroup Performance

Königstein, Manfred; Ruchala, Gabriele K. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Within a laboratory experiment we investigate a principal-agent game in which agents may,first, self-select into a group task (GT) or an individual task (IT) and, second, choose workeffort. In their choices of task and effort the agents have to consider pay contracts for bothtasks as offered by...

Persistent link: https://www.econbiz.de/10005863219

Heterogeneous Productivity in Voluntary Public Good Provision : An Experimental Analysis

Fellner-Röhling, Gerlinde - 2011

This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...

Persistent link: https://www.econbiz.de/10013128231

Resisting Moral Wiggle Room : How Robust is Reciprocity?

van der Weele, Joel J. - 2010

Several studies have shown that dictator-game giving declines substantially if the dictator can exploit situational "excuses" for not being generous. In this experimental study we investigate if this result extends to more natural social interactions involving reciprocal behavior. We provide the...

Persistent link: https://www.econbiz.de/10013134984

Costless Discrimination and Unequal Achievements in a Labour Market Experiment

Filippin, Antonio - 2011

We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...

Persistent link: https://www.econbiz.de/10013117398

Gender Differences in Risk Aversion : Do Single-Sex Environments Affect Their Development?

Booth, Alison L. - 2011

Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in economically important ways. To test this, we designed a controlled experiment using first year college students who made choices over real-stakes lotteries at two distinct dates....

Persistent link: https://www.econbiz.de/10013118042

Field Experiments with Firms

Bandiera, Oriana - 2011

We discuss how the use of field experiments sheds light on long standing research questions relating to firm behavior …. We present insights from two classes of experiments: within and across firms, and draw common lessons from both sets …. Field experiments within firms generally aim to shed light on the nature of agency problems. Along these lines, we discuss …

Persistent link: https://www.econbiz.de/10013124488

Opting-In : Participation Biases in the Lab

Slonim, Robert - 2012

Assuming individuals rationally decide whether to participate or not to participate in lab experiments, we hypothesize … interest in experiments and economics. We discuss the implications and various methods for addressing non-representative biases …

Persistent link: https://www.econbiz.de/10013099705

Effects of Religiosity on Social Behaviour : Experimental Evidence from a Representative Sample of Spaniards

Brañas-Garza, Pablo - 2013

This study explores the effect of several personal religion-related variables on social behaviour, using three paradigmatic economic games: the dictator (DG), ultimatum (UG), and trust (TG) games. A large carefully designed sample of a Spanish urban adult population (N=766) is employed. From...

Persistent link: https://www.econbiz.de/10013073852

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