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Transparency, inequity aversion, and the dynamics of peer pressure in teams: theory and evidence
Mohnen, Alwine; Pokorny, Kathrin; Sliwka, Dirk - 2008
confirmed in a real effort experiment. …
Persistent link: https://www.econbiz.de/10010268881
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Gambling and the use of credit: an individual and household level analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
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Prize and Risk-Taking Strategy in Tournaments : Evidence from Professional Poker Players
Lee, Jungmin - 2004
television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose …
Persistent link: https://www.econbiz.de/10010262085
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Lotteries vs. all-pay auctions in fair and biased contests
Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuel - 2012
The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...
Persistent link: https://www.econbiz.de/10010291433
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Commitment to self-rewards
Koch, Alexander K.; Nafziger, Julia - 2009
Self-administered rewards are ubiquitous. They serve as incentives for personal accomplishments and are widely recommended as tools for overcoming self-control problems. However, it seems puzzling why self-rewards can work: the prospect of a reward has a motivating force only if the threat of...
Persistent link: https://www.econbiz.de/10010271233
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The life satisfaction approach to environmental valuation
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2009
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10010271282
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Altruism, fertility, and the value of children: health policy evaluation and intergenerational welfare
Birchenall, Javier A.; Soares, Rodrigo Reis - 2007
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a value of life type of framework. We are able to express adults' willingness to pay for changes in child mortality...
Persistent link: https://www.econbiz.de/10010276671
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An Experimental Study of the POUM Hypothesis
Checchi, Daniele; Filippin, Antonio - 2003
period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …
Persistent link: https://www.econbiz.de/10010261622
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Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets
Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943
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Living in Two Neighborhoods : Social Interactions in the Lab
Falk, Armin; Fischbacher, Urs; Gächter, Simon - 2004
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10010262127