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Beliefs and Utility: Experimental Evidence on Preferences for Information

Falk, Armin; Zimmermann, Florian - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10011555503

Unfair pay and health

Falk, Armin; Kosse, Fabian; Menrath, Ingo; Verde, Pablo E. - 2016

This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative panel data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...

Persistent link: https://www.econbiz.de/10011558641

Beliefs and Utility: Experimental Evidence on Preferences for Information

Falk, Armin; Zimmermann, Florian - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10011559600

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Verde, Pablo Emilio; … - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10011601022

It's all about Connections: Evidence on Network Formation

Falk, Armin; Kosfeld, Michael - In: Review of Network Economics 11 (2012) 3

Abstract We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two...

Persistent link: https://www.econbiz.de/10014618826

Living in Two Neighborhoods : Social Interactions in the Lab

Falk, Armin; Fischbacher, Urs; Gächter, Simon - 2004

Field evidence suggests that people belonging to the same group often behave similarly, i.e., behaviour exhibits social interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design feature is that each subject simultaneously is a...

Persistent link: https://www.econbiz.de/10010262127

It's all about Connections: Evidence on Network Formation

Falk, Armin; Kosfeld, Michael - 2003

We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...

Persistent link: https://www.econbiz.de/10010262760

Did we overestimate the role of social preferences? The case of self-selected student samples

Falk, Armin; Meier, Stephan; Zehnder, Christian - 2011

foundation of social preferences is largely based on laboratory experiments with self-selected students as participants. This is … potentially problematic as students participating in experiments may behave systematically different than non …-participating students or non-students. In this paper we empirically investigate whether laboratory experiments with student samples …

Persistent link: https://www.econbiz.de/10010274687

Did we overestimate the role of social preferences? The case of self-selected student samples

Falk, Armin; Meier, Stephan; Zehnder, Christian - 2010

phenomena. However, the empirical foundation of social preferences is largely based on laboratory experiments with self …-selected students as participants. This is potentially problematic as students participating in experiments may behave systematically … experiments with student samples misrepresent the importance of social preferences. Our first study shows that students who …

Persistent link: https://www.econbiz.de/10010274947

Preferences for consistency

Falk, Armin; Zimmermann, Florian - 2011

strength. We then present three experiments that study main predictions and implications of the model. The first is a simple …

Persistent link: https://www.econbiz.de/10010277353