Similar Search Results

Robust Inference in Risk Elicitation Tasks

Andersson, Ola - 2018

previous studies that found a negative relation between cognitive ability and risk aversion into perspective and in particular … show that cognitive ability is related to noisy behavior rather than risk preferences. We also find age and education to be … and more robustly correlated to risk preferences …

Persistent link: https://www.econbiz.de/10012910413

Corruption in Committees : An Experimental Study of Information Aggregation through Voting

Morton, Rebecca - 2014

We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention when the probability of...

Persistent link: https://www.econbiz.de/10013047178

Do Institutions Promote Rationality? An Experimental Study of the Three-Door Anomaly

Slembeck, Tilman; Tyran, Jean-Robert - 2008

The three-door problem is an astounding example of a systematic violation of a key rationality postulate. In this seemingly simple individual decision task, most people initially fail to correctly apply Bayes' Law, and to make the payoff-maximizing choice. Previous experimental studies have...

Persistent link: https://www.econbiz.de/10014104041

Do Institutions Promote Rationality? An Experimental Study of the Three-Door Anomaly

Slembeck, Tilman; Tyran, Jean-Robert - 2005

The three-door problem is an example of a systematic violation of a key rationality postulate that has attracted much attention. In this seemingly simple individual decision task, most people initially fail to apply correctly Bayes' Law, and to make the payoff-maximizing choice. Previous...

Persistent link: https://www.econbiz.de/10014065818

Risking Other People's Money : Experimental Evidence on Bonus Schemes, Competition, and Altruism

Andersson, Ola - 2014

We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our … experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or … respond strongly to these incentives that result in an increased risk exposure of others. However, we find that the increase …

Persistent link: https://www.econbiz.de/10013050800

Competition Fosters Trust

Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2006

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are identifiable and can, hence, build a reputation, efficiency...

Persistent link: https://www.econbiz.de/10014054391

Robust inference in risk elicitation tasks

Andersson, Ola; Holm, Håkan J.; Tyran, Jean-Robert; … - 2018

Persistent link: https://www.econbiz.de/10011914450

Civic engagement as a second-order public good : the cooperative underpinnings of the accountable state

Kamei, Kenju; Putterman, Louis G.; Tyran, Jean-Robert - 2019

the accountable state by conducting a two-level public goods experiment in which civic engagement can build a sanction …

Persistent link: https://www.econbiz.de/10012060889

Risking other people's money : experimental evidence on bonus schemes, competition, and altruism

Andersson, Ola; Holm, Håkan J.; Tyran, Jean-Robert; … - 2013

Persistent link: https://www.econbiz.de/10010206746

Does money illusion matter? : an experimental approach

Fehr, Ernst; Tyran, Jean-Robert - 2000

Money illusion means that people behave differently when the same objective situation is represented in nominal terms rather than in real terms. This paper shows that seemingly innocuous differences in payoff representation cause pronounced differences in nominal price inertia indicating the...

Persistent link: https://www.econbiz.de/10001521871