We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...

We use an experiment to compare two institutions for allocating the proceeds of team production. Under revenue-sharing, each team member receives an equal share of team output; under leader-determined shares, a team leader has the power to implement her own allocation. Both arrangements are...

We set up an experiment to study whether disclosure of the advisor's interests can foster truthfulness and trust. We measure how advisors expect decisionmakers to react to their advice in order to distinguish between strategic and moral reactions to disclosure by advisors. Results indicate that...

Werner Güth's ultimatum game played a key role in the development of multiple research areas, several of which are highlighted.

We propose a new organizing scheme for classifying types of experiments. In addition to the standard categories of laboratory and field experiments, we suggest a new category: “extra-laboratory experiments.” These are experiments that have the same spirit as laboratory experiments, but are...