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psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …
Persistent link: https://www.econbiz.de/10012299784
experiment, designed to investigate the sunk cost bias and to test prominent psychological drivers of the bias. Specifically, we …
Persistent link: https://www.econbiz.de/10013213110
psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …
Persistent link: https://www.econbiz.de/10013315181
psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …
Persistent link: https://www.econbiz.de/10012314910
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013120907
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals' willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10013082973
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10013072892
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013111712
One of the outstanding results of three decades of laboratory market research is that under rather weak conditions prices and quantities in competitive experimental markets converge to the competitive equilibrium. Yet, the design of these experiments ruled out gift exchange or reciprocity...
Persistent link: https://www.econbiz.de/10009693902
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals ́willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10009730552