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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
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Revealed distributional preferences : individuals vs. teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - 2013 - This version: 24 June 2013
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10009764814
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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
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Experiments in finance - a survey of historical trends
Huber, Christoph; Kirchler, Michael - 2022
Experiments can complement other methods in identifying causal relationships and in measuring behavioral deviations from theoretical predictions. While the experimental method has long been central in many scientific disciplines, it was almost nonexistent in finance until the 1980s. To survey...
Persistent link: https://www.econbiz.de/10013269607
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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
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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2020
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
Persistent link: https://www.econbiz.de/10012262354
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Inequality aversion and voting on redistribution
Höchtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - 2011
majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are …
Persistent link: https://www.econbiz.de/10009737527
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Inequality aversion and voting on redistribution
Höchtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - 2011
Persistent link: https://www.econbiz.de/10009544512
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Does unfairness hurt women? : the effects of losing unfair competitions
Piasenti, Stefano; Valente, Marica; Veldhuizen, Roel van; … - 2023
How do men and women differ in their persistence after experiencing failure in a competitive environment? We tackle this question by combining a large online experiment (N=2,086) with machine learning. We find that when losing is unequivocally due to merit, both men and women exhibit a...
Persistent link: https://www.econbiz.de/10014335459
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Fairness views and political preferences : evidence from a large online experiment
Müller, Daniel; Renes, Sander - 2017
We elicit distributional fairness ideals of impartial spectators using an incentivized economic experiment in a large … and heterogeneous sample of the German population. Our dataset allows us to relate our experimental data on fairness …-leaning voters are more likely to be efficiency-minded; and vi) young and highly-educated participants hold di.erent fairness ideals …
Persistent link: https://www.econbiz.de/10011644666