Narrow search
Showing 1 - 10 of 157
Cover Image
Screening experts' distributional preferences
Erharter, Dominik - 2013
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010397160
Cover Image
Deception through telling the truth?!: Experimental evidence from individuals and teams
Sutter, Matthias - 2007
Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...
Persistent link: https://www.econbiz.de/10010293415
Cover Image
When do fiscal consolidations lead to consumption booms? Lessons from a laboratory experiment
Geiger, Martin; Luhan, Wolfgang; Scharler, Johann - 2015
According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …
Persistent link: https://www.econbiz.de/10011382733
Cover Image
Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations
Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008
choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining high …
Persistent link: https://www.econbiz.de/10010293404
Cover Image
Group Membership, Competition, and Altruistic versus Antisocial Punishment: Evidence from Randomly Assigned Army Groups
Goette, Lorenz; Huffman, David; Meier, Stephan - 2010
punishment behavior. Our study uses experiments conducted with 525 officers in the Swiss Army, and exploits random assignment to … prisoner's dilemma game with in-group as opposed to out-group members. They also use a costly punishment option to selectively … stronger in-group cooperation, but also a qualitative change in punishment: punishment becomes anti-social, harming cooperative …
Persistent link: https://www.econbiz.de/10010294796
Cover Image
Bubble or no Bubble - The Impact of Market Model on the Formation of Price Bubbles in Experimental Asset Markets
Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2009
For the past two decades a market model introduced by Smith, Suchanek, and Williams (1988, henceforth SSW) has dominated experimental research on financial markets. In SSW the fundamental value of the traded asset is determined by the expected value of a finite stream of dividend payments. This...
Persistent link: https://www.econbiz.de/10010294788
Cover Image
The determinants of managerial decisions under risk
Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - 2008
In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study experimentally why, and under which conditions, leaders...
Persistent link: https://www.econbiz.de/10010293435
Cover Image
No need for more time: Intertemporal allocation decisions under time pressure
Lindner, Florian; Rose, Julia - 2016
Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...
Persistent link: https://www.econbiz.de/10011622771
Cover Image
Cognitive skills and economic preferences in the fund industry
Farago, Adam; Holmen, Martin; Holzmeister, Felix; … - 2019
By running a battery of incentivized and non-incentivized experiments with fund managers from four countries in the European Union, we investigate the impact of fund managers' cognitive skills and economic preferences on the dynamics of the mutual funds they manage. First, we find that fund...
Persistent link: https://www.econbiz.de/10012140892
Cover Image
Active and Passive Risk-Taking
König-Kersting, Christian; Lohse, Johannes; Merkel, Anna - 2020
Risk-taking may depend on whether risks result from an action (active risk-taking) or from not taking action (passive risk-taking). We develop a new experimental risk-elicitation procedure, the Dynamic Lottery Adjustment Task, and employ it across two separate experiments to study the size and...
Persistent link: https://www.econbiz.de/10012609013