Strictly proper scoring rules are designed to truthfully elicit subjective probabilistic beliefs from risk neutral agents. Previous experimental studies have identified two problems with this method: (i) risk aversion causes agents to bias their reports towards the probability of 1/2, and (ii)...

This volume presents an interdisciplinary approach to study individuals' decisions pertaining to public good games. Theories and ideas are extracted from both the field of economics and the field of social psychology. The empirical strength of different propositions is assessed in a series of...

We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects by asking them if they are willing to sell a bottle of wine for a transparently uninformative random price. We elicit subjects' Willingness-To-Accept for the bottle before and...