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The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...
Persistent link: https://www.econbiz.de/10014030761
Marriage data show a strong degree of positive assortative mating along a variety of attributes. But since marriage is an equilibrium outcome, it is unclear whether positive sorting is the result of preferences rather than opportunities. We assess the relative importance of preferences and...
Persistent link: https://www.econbiz.de/10012756954
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10013111204
studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the …
Persistent link: https://www.econbiz.de/10012868836
about risk, time-discounting and altruism in variations of two conditions: 'Quantitative First' and 'Qualitative First'. We … patience and altruism while using quantitative items first increases the cross-method correlation for risk and time preferences …
Persistent link: https://www.econbiz.de/10014346015
-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that … teaching financial literacy makes subjects behave more patiently, more time-consistent, and more risk-averse. These effects … persist for up to almost 5 years after our intervention. Behavior in the risk and time preference tasks is related to …
Persistent link: https://www.econbiz.de/10014350813
broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most …
Persistent link: https://www.econbiz.de/10013146471
risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely …
Persistent link: https://www.econbiz.de/10013099803
just a special case of risk-taking, but based on important forms of social preferences such as betrayal aversion …
Persistent link: https://www.econbiz.de/10012768177
If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …
Persistent link: https://www.econbiz.de/10013133371