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Incentivized experiments are commonly used to estimate marginal rates of intertemporal substitution (MRS) in the lab and in the field in order to make inferences about individual time preferences. This paper considers an integrated model of behavior in which individuals are subject to financial...
Persistent link: https://www.econbiz.de/10013055596
Spanish Abstract: El artículo presenta una revisión de los experimentos realizados sobre bienes públicos apoyados en el mecanismo de contribución voluntaria. La evidencia empírica existente muestra que los individuos no son solo los seres egoístas y competitivos que supone la teoría...
Persistent link: https://www.econbiz.de/10013023782
A relevance, distinctiveness and plausibility (RDP) analysis is a conceptual framework that can be used to identify when potential confounds are a problem for interpreting experimental results. We illustrate this analysis using the creation or enhancement of natural group identity by the means...
Persistent link: https://www.econbiz.de/10014174518
Performativity is grounded in a particular kind of social mechanisms that involve semiotic causation. I combine three different literatures, on performativity, on constitutive explanations in the social sciences, and on Peircian semiotics into a conceptual and methodological framework that can...
Persistent link: https://www.econbiz.de/10014035666
Economic experiments interact with economic theories in various ways. First of all they are used to test economic theories. However, they can neither confirm nor falsify them in a strict sense. They rather inform us about the range of applicability, the robustness and the predictive power of a...
Persistent link: https://www.econbiz.de/10003848794
In this paper we reply to Binmore and Shaked's criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social...
Persistent link: https://www.econbiz.de/10003848846
Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...
Persistent link: https://www.econbiz.de/10003894920
In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...
Persistent link: https://www.econbiz.de/10013117492
The key general problem in design, evaluating and defending an experimental design is to determine whether there are factors affecting experimental behavior that are not being duly taken into account. We present a relevance, distinctiveness and plausibility (RDP) framework for systematically...
Persistent link: https://www.econbiz.de/10013121531