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Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …
Persistent link: https://www.econbiz.de/10011756091
The Allais critique of expected utility theory (EUT) has led to the development of theories of choice under risk that … labora-tory experiments designed to test independence, our experiment systematically tests the entire set of axioms …
Persistent link: https://www.econbiz.de/10012583551
How are natives attitudes towards migrants shaped by economic crises? Natives could show more compassion towards … economic consequences of COVID-19, before eliciting their altruism and attitudes towards Venezuelan migrants. We find that … natives attitudes towards migrants are substantially more negative in the treatment relative to the control group. Individuals …
Persistent link: https://www.econbiz.de/10012586403
their relations and interplay is yet missing. In this paper we report thendings of an experiment designed to address this …
Persistent link: https://www.econbiz.de/10009539289
We report an experiment where each subject's ambiguity sensitivity is measured by an ambiguity premium, a concept …
Persistent link: https://www.econbiz.de/10011812703
We report an experiment where each subject's ambiguity sensitivity is measured by an ambiguity premium, a concept …
Persistent link: https://www.econbiz.de/10011756115
symmetry if the latter is generated by a field. Moreover, solving the PDEs yields the functional form for utility equivalent to …, multivariate separability, and homogeneity, including the cases of Cobb-Douglas and CES utility. …
Persistent link: https://www.econbiz.de/10009739671
Inequality in access to high-quality teachers is an important driver of student socioeconomic achievement gaps. We experimentally evaluate a novel nation-wide low-cost government program aimed at reducing teacher sorting. Specifically, we tested two behavioral strategies designed to induce...
Persistent link: https://www.econbiz.de/10012267180
link between these measures and actual economic behaviour. An experiment was conducted in the city of Thies, in Senegal … findings of this experiment provide an innovative comparison between real choices, and choices made in the presence of …
Persistent link: https://www.econbiz.de/10011591791