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How social preferences shape incentives in (experimental) markets for credence goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10010479932

Why did he do that? : using counterfactuals to study the effect of intentions in extensive form games

Engler, Yola; Kerschbamer, Rudolf; Page, Lionel - 2016

We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...

Persistent link: https://www.econbiz.de/10011480554

The geometry of distributional preferences and a non-parametric identification approach

Kerschbamer, Rudolf - 2013 - This Version: October 2013

This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...

Persistent link: https://www.econbiz.de/10010191920

The role of non-binding pledges in social dilemmas with mitigation and adaptation

McEvoy, David M.; Haller, Tobias; Blanco, Esther - 2019

significant predictors of mitigation investments over the course of the experiment. …

Persistent link: https://www.econbiz.de/10011988473

Social status and risk-taking in investment decisions

Lindner, Florian; Kirchler, Michael; Rosenkranz, Stephanie - 2019

A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets and investigate how reputational motives (i.e., the public...

Persistent link: https://www.econbiz.de/10012008982

Determinants of financial literacy and behavioral bias among adolescents

Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023

Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...

Persistent link: https://www.econbiz.de/10013483340

Confusion and reinforcement learning in experimental public goods games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009

Persistent link: https://www.econbiz.de/10008657601

Confusion and reinforcement learning in experimental public goods games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

Persistent link: https://www.econbiz.de/10009735336

Strive to be first or avoid being last : an experiment on relative performance incentives

Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - 2013

; promotion ; firing ; contract ; experiment ; learning … three mechanisms with the appropriate distribution of prizes. We test the model's predictions in a laboratory experiment and … behavior in all mechanisms is consistent with basic directional and reinforcement learning. -- tournament ; reward ; punishment …

Persistent link: https://www.econbiz.de/10009743404

Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007

Persistent link: https://www.econbiz.de/10003675359

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