Showing 1 - 10 of 48
investment game allows us to test the robustness of the findings. We find a very consistent result that women invest less, and … economic issues. We assemble the data from 15 sets of experiments with one simple underlying investment game. Most of these … thus appear to be more financially risk averse than men. …
Persistent link: https://www.econbiz.de/10010573061
We study the following basic intuition: when faced with a decision how to split their investment between a risky … loss aversion) to show this. First we replicate the previous results in a laboratory experiment with financial incentives …, and then test whether participants are willing to explicitly pay a small sum of money in line with the bias (pay for less …
Persistent link: https://www.econbiz.de/10012739823
thousands of participants in a simple investment game, and also conduct our own experiments. The previous experiments were not … be more risk averse than men in their financial investments …
Persistent link: https://www.econbiz.de/10012717770
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic … others’ statements of confidence about how well they have scored on an IQ test. In two-player tournaments where the highest …
Persistent link: https://www.econbiz.de/10010877986
This article examines whether social comparisons have behavioral effects on workers' performance when a firm can choose workers' wages or let them choose their own. Firms can delegate the wage decision to neither, one or both workers in the firm. We vary the information workers receive, finding...
Persistent link: https://www.econbiz.de/10010884248
In this paper, we propose a new channel of contract design to boost efficiency. If deviating from one's own words induces a self-imposed moral burden, the optimal contracting procedure with regard to cheap talk shall assign the responsibility for installing the nonbinding promise in the contract...
Persistent link: https://www.econbiz.de/10010729803
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10010761741
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …
Persistent link: https://www.econbiz.de/10005703707
data to test for this effect in a simulated labor relatonship. We find a consistent discrepancy between employer beliefs …
Persistent link: https://www.econbiz.de/10005827477
experiment to explore optimal contracts in an adverse-selection context. A principal proposes one of three contract menus, each …
Persistent link: https://www.econbiz.de/10005772130