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Discrete Adjustment to a Changing Environment: Experimental Evidence
Khaw, Mel Win; Stevens, Luminita; Woodford, Michael - 2016
We conduct a laboratory experiment to shed light on the cognitive limitations that may affect the way decision makers …
Persistent link: https://www.econbiz.de/10011615828
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Disappointment Aversion and Social Comparisons in a Real-Effort Competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition … Prowse experiment, where the latter treatment removes the scope for social comparisons. If disappointment aversion simply …
Persistent link: https://www.econbiz.de/10011653482
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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
Prowse experiment are compared, where the latter treatment involves a competition against Nature and removes the scope for …
Persistent link: https://www.econbiz.de/10012029800
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Does having insurance change individuals' self-confidence?
Guber, Raphael; Kocher, Martin G.; Winter, Joachim - 2018
Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the sense of not being affected by the contracts themselves. In this paper, we provide evidence that this is not necessarily the case. We show that in an insurance context, being...
Persistent link: https://www.econbiz.de/10011917380
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Disappointment Aversion and Social Comparisons in a Real-Effort Competition
Gaechter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition … Prowse experiment, where the latter treatment removes the scope for social comparisons. If disappointment aversion simply …
Persistent link: https://www.econbiz.de/10011698656
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The Role of Payoff Parameters for Cooperation in the One-Shot Prisoner's Dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2024
three experiments (N = 1,993): in a preliminary experiment, we vary the payoffs over a large range. In our first main … experiment (Study 1), we present a novel design that varies payoffs orthogonally in a within-subjects design. Our second main … experiment, Study 2, investigates the orthogonal variation of payoffs in a between-subjects design. In a complementary analysis …
Persistent link: https://www.econbiz.de/10014533918
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Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations
Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008
We analyze an experimental public goods game in which group members can endogenously determine whether they want to supplement a standard voluntary contribution mechanism with the possibility of rewarding or punishing other group members. We find a large and positive effect of endogenous...
Persistent link: https://www.econbiz.de/10010293404
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Conditional cooperation on three continents
Kocher, Martin G.; Cherry, Todd; Kroll, Stephan; … - 2007
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral …
Persistent link: https://www.econbiz.de/10010293430
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Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas
Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - 2013
predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels …
Persistent link: https://www.econbiz.de/10010293923
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Equality, Equity and Incentives: An Experiment
Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10010294801