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Equality, equity and incentives: An experiment
Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects eithervote on or exogenously...
Persistent link: https://www.econbiz.de/10010274671
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A million answers to twenty questions: choosing by checklist
Mandler, Michael; Manzini, Paola; Mariotti, Marco - 2008
Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two...
Persistent link: https://www.econbiz.de/10010268583
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Incentives versus sorting in tournaments: evidence from a field experiment
Leuven, Edwin; Oosterbeek, Hessel; Sonnemans, Joep; van … - 2008
validity of results obtained in lab experiments or from sports data. To address these concerns we conducted a field experiment …
Persistent link: https://www.econbiz.de/10010274401
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Laws and norms
Benabou, Roland; Tirole, Jean - 2012
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...
Persistent link: https://www.econbiz.de/10010282313
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Toward the integration of personality theory and decision theory in the explanation of economic and health behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010287694
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Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon E.; … - Institute for the Study of Labor (IZA) - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010742085
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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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Other-Regarding Preferences and Performance Pay : An Experiment on Incentives and Sorting
Villeval, Marie-Claire; Eriksson, Tor - 2004
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10010261940
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A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys
Fehr, Ernst; Fischbacher, Urs; von Rosenbladt, Bernhard; … - 2003
representative behavioral data from a social dilemma experiment. We identify which survey questions intended to elicit people's trust … correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled workers and …
Persistent link: https://www.econbiz.de/10010262013
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Punishing Free-Riders : How Group Size Affects Mutual Monitoring and the Provision of Public Goods
Carpenter, Jeffrey P. - 2004
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10010262078