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How Elastic are Preferences for Redistribution? Evidence from Randomized Survey Experiments
Kuziemko, Ilyana - 2013
We develop online survey experiments to analyze how information about inequality and taxes affects preferences for redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U.S. income inequality, the link between top income...
Persistent link: https://www.econbiz.de/10013085497
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Ex Ante Efficiency in School Choice Mechanisms : An Experimental Investigation
Featherstone, Clayton - 2009
efficiency, both in theory and in the laboratory …
Persistent link: https://www.econbiz.de/10012765369
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Social Identity and Preferences
Benjamin, Daniel J. - 2009
Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...
Persistent link: https://www.econbiz.de/10012767030
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Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms
Dreyfuss, Bnaya - 2019
Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows that—in both real, large-stakes applications and experiments—participants frequently play...
Persistent link: https://www.econbiz.de/10012860839
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Neoclassical Theory Versus Prospect Theory : Evidence from the Marketplace
List, John A. - 2021
Neoclassical theory postulates that preferences between two goods are independent of the consumer's current … entirely new economic paradigm to displace conventional neoclassical theory e.g., prospect theory, which invokes psychological … effects. This paper pits neoclassical theory against prospect theory by investigating three clean tests of the competing …
Persistent link: https://www.econbiz.de/10013216838
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Not Playing Favorites : An Experiment on Parental Fairness Preferences
Berry, James; Dizon-Ross, Rebecca; Jagnani, Maulik - 2022
We conduct a lab-in-the-field experiment to identify parents' preferences for investing in their children. The … experiment exogenously varied the short-run returns to educational investments to identify how much parents care about maximizing …
Persistent link: https://www.econbiz.de/10013308357
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Risk Preferences are Not Time Preferences : Discounted Expected Utility with a Disproportionate Preference for Certainty
Andreoni, James - 2010
robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …
Persistent link: https://www.econbiz.de/10013138320
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CEO Preferences and Acquisitions
Jenter, Dirk - 2011
This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...
Persistent link: https://www.econbiz.de/10013117399
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An Estimation of Economic Models with Recursive Preferences
Chen, Xiaohong - 2011
This paper presents estimates of key preference parameters of the Epstein and Zin (1989, 1991) and Weil (1989) (EZW) recursive utility model, evaluates the model's ability to fit asset return data relative to other asset pricing models, and investigates the implications of such estimates for the...
Persistent link: https://www.econbiz.de/10013123699
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Public Goods Agreements with Other-Regarding Preferences
Kolstad, Charles D. - 2011
provision emerged, in the context of coalitions to provide transboundary pollution abatement. The problem is that theory …
Persistent link: https://www.econbiz.de/10013125580