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Social preferences in childhood and adolescence : a large-scale experiment

Sutter, Matthias; Feri, Francesco; Kocher, Martin; … - 2010 - This version: 15 June 2010

Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...

Persistent link: https://www.econbiz.de/10009736607

Social preferences during childhood and the role of gender and age : an experiment in Austria and Sweden

Martinsson, Peter; Nordblom, Katarina; … - 2010

We examine social preferences of Swedish and Austrian children and adolescents using the experimental design of Charness and Rabin (2002). We find that difference aversion decreases while social-welfare preferences increase with age. -- social preferences ; children ; adolescents ;...

Persistent link: https://www.econbiz.de/10009737081

Social preferences in childhood and adolescence : a large-scale experiment

Sutter, Matthias; Feri, Francesco; Kocher, Martin; … - 2010

Persistent link: https://www.econbiz.de/10008658544

Skewness preferences and asset selection : an experimental study

Bruenner, Tobias; Levínský, René; Qiu, Jianying - 2009

In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be …

Persistent link: https://www.econbiz.de/10009734686

Testing the Modigliani-Miller theorem directly in the lab : a general equilibrium approach

Qiu, Jianying; Mahagaonkar, Prashanth - 2009

In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and … Modigliani-Miller theorem, experimental subjects well recognized the increased systematic risk of equity with increasing leverage … and accordingly demanded higher rate of return. Furthermore, the correlation between the value of the debt and equity is …

Persistent link: https://www.econbiz.de/10009734687

Understanding risk attitudes in two dimensions : an experimental analysis

Qiu, Jianying; Steiger, Eva-Maria - 2009

Despite extensive studies, the nature of risk attitudes remains a vigorously discussed question in economics and psychology. In expected utility theory, attitudes towards risk originate from changes in marginal utility. Cumulative prospect theory (CPT) adds an additional dimension: the weighting...

Persistent link: https://www.econbiz.de/10009734688

Car mechanics in the lab : investigating the behavior of real experts on experimental markets for credence goods

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2014 - This Version: December 25th, 2013

Credence goods, such as car repairs or medical services, are characterized by severe informational asymmetries between sellers and consumers, leading to fraud in the form of provision of insufficient service (undertreatment), provision of unnecessary service (overtreatment) and charging too much...

Persistent link: https://www.econbiz.de/10010237656

Guilt from promise-breaking and trust in markets for expert services : theory and experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010

We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...

Persistent link: https://www.econbiz.de/10009736618

Car mechanics in the lab : investigating the behavior of real experts on experimental markets for credence goods

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2009

We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training. -- artefactual...

Persistent link: https://www.econbiz.de/10009736636

Group decision making under risk : an experiment with student couples

He, Haoran; Martinsson, Peter; Sutter, Matthias - 2011

In an experiment, we study risk-taking of cohabitating student couples, finding that couples' decisions are closer to risk-neutrality than single partners' decisions. This finding is similar to earlier experiments with randomly assigned groups, corroborating external validity of earlier results....

Persistent link: https://www.econbiz.de/10009737512