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On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach
Pradiptyo, Rimawan; Sahadewo, Gumilang Aryo - Volkswirtschaftliche Fakultät, … - 2012
People’s attachment to a subsidy creates difficulties for the government to phase out, and eventually eliminate, the subsidy. Elimination of fuel subsidy scheme in Indonesia is a perfect example of such occurrence. The subsidy has been implementing to commodity as opposed to households, thus...
Persistent link: https://www.econbiz.de/10011259031
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Do Women Panic More Than Men? An Experimental Study on Financial Decision
Kiss, Hubert Janos; Rodriguez-Lara, Ismael; … - Volkswirtschaftliche Fakultät, … - 2014
We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...
Persistent link: https://www.econbiz.de/10011259526
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Testing for Differences across Genders: A Replication of Ultimatum Game at International Islamic University, Islamabad
HASAN, HAMID; EJAZ, NAUMAN - Volkswirtschaftliche Fakultät, … - 2013
The paper attempts to test the following hypotheses: (i) Are people generally self interested, (ii) If people tend to … experiment in a “same gender pairings” setting in International Islamic University Islamabad, Pakistan. In order to test the … test the second hypothesis we compare the offers that proposers anticipate will be accepted by the responders and the …
Persistent link: https://www.econbiz.de/10011259998
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Love me, love my dog: an experimental study on social connections and indirect reciprocity
Liang, Pinghan; Meng, Juanjuan - Volkswirtschaftliche Fakultät, … - 2013
This paper conducts a laboratory experiment to investigate the role of social connections in behavioral indirect reciprocity. We provide the evidence of spillovers effects of social ties, e.g., the recipient’s indirect reciprocal act varies with the relations between the donor and a third...
Persistent link: https://www.econbiz.de/10011260700
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Egocentric framing - one way people may fail in a switch dilemma: Evidence from excessive lane switching
Navon, David; Kaplan, Todd; Kasten, Ronen - Volkswirtschaftliche Fakultät, … - 2013
To study switching behavior, an experiment mimicking the state of a driver on the road was conducted. In each trial participants were given a chance to switch lanes. Despite the fact that lane switching had no sound rational basis, participants often switched lanes when the speed of driving in...
Persistent link: https://www.econbiz.de/10011260812
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A growing pain: an experimental approach to discover the most acceptable strategy for lifting fuel subsidy scheme in Indonesia
Pradiptyo, Rimawan; Sahadewo, Gumilang Aryo - Volkswirtschaftliche Fakultät, … - 2012
Fuel subsidy has been the biggest quandaries in Indonesian economy, as it has been creating a huge opportunity costs to the economy. The subsidy is implemented to a consumer good (i.e. fuels) as oppose to targeted recipients, creating distortion in the efficient resource allocation. It was...
Persistent link: https://www.econbiz.de/10009652025
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Justification and cooperation
Xiao, Erte - Volkswirtschaftliche Fakultät, … - 2012
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10009422008
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The Illusion of Irrationality
Kontek, Krzysztof - Volkswirtschaftliche Fakultät, … - 2009
This short paper shows that the Allais Paradox and the Common Ratio Effect regarded as classic examples of the violation of the Expected Utility Theory Axioms – may be easily explained by assuming that changes in wealth (i.e. gains and losses) are perceived in relative terms. The preference...
Persistent link: https://www.econbiz.de/10008458513
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Money Talks? An Experimental Study of Rebate in Reputation System Design
Li, Lingfang; Xiao, Erte - Volkswirtschaftliche Fakultät, … - 2010
Reputation systems that rely on feedback from traders are important institutions for helping sustain trust in markets, while feedback information is usually considered a public good. We apply both theoretical models and experiments to study how raters' feedback behavior responds to different...
Persistent link: https://www.econbiz.de/10008560983
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The effects of background music and sound in economic decision making: Evidence from a laboratory experiment
Fujikawa, Takemi; Kobayashi, Yohei - Volkswirtschaftliche Fakultät, … - 2010
This paper experimentally studies the effects of background music and sound on the preference of the decision makers for rewards in pairwise intertemporal choice tasks and lottery choice tasks. The participants took part in the current experiment, involving four treatments: (1) the familiar...
Persistent link: https://www.econbiz.de/10008564522