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Alain Ledoux, who was one of over 6,000 chess players taking part in Bühren and Frank´s (2012) online Beauty Contest experiment, turned out to be the forgotten inventor of that game. We reconstruct the birth of the Beauty Contest. In section 1 of our note, its first two authors outline the...
Persistent link: https://www.econbiz.de/10009649739
In a beauty contest experiment with over 6,000 chess players, ranked from amateur to world class, we found that Grandmasters act very similar to other humans. This even holds true when they play exclusively against players of approximately their own strength. In line with psychological research...
Persistent link: https://www.econbiz.de/10008498338
We introduce a competitive framing in the mini-ultimatum game utilizing chess puzzles. Therein, our chess playing participants accept low offers significantly more often compared to a neutral framing. We conclude that in familiar competitive surroundings egoistic behavior is more acceptable.
Persistent link: https://www.econbiz.de/10011041685
We conducted an experimental study on social preferences using dictator games similar to Fehr et al. (2008). Our results show that social preferences differ between subjects who receive low-stakes monetary rewards for their decisions and subjects who consider hypothetical stakes. Our findings...
Persistent link: https://www.econbiz.de/10011212611
With the help of a real effort experiment, we analyze if tax evasion depends on the amount of effort invested to generate income. In three treatments, subjects were either endowed with income or had to work moderately or hard to earn it. In line with prospect theory, subjects evaded more taxes...
Persistent link: https://www.econbiz.de/10010665207
We conducted an experimental study on social preferences using dictator games similar to Fehr et al. (2008). We show that social preferences differ between participants who receive low-stakes monetary rewards for their decisions and participants who consider hypothetical stakes. The results are...
Persistent link: https://www.econbiz.de/10010720420
By extending a typical endowment effect experiment with the possibility to win the endow-ment in a real effort contest, we found two enforcing effects that led to a complete market failure. Subjects who won the item in the competition had an extremely high willingness to accept (trophy effect)....
Persistent link: https://www.econbiz.de/10009150942
Using a real effort experiment, we analyze the dependence of tax evasion on the amount of effort invested to generate income. In three treatments, subjects were either endowed with income or had to work moderately or arduously to earn it. In line with prospect theory, subjects evaded more taxes...
Persistent link: https://www.econbiz.de/10011158971
The main goal of our study is to analyze how success and failure in crucial situations affect subsequent individual performance. Our study is based on evidence from a natural experiment of NBA (National Basketball Association) players: Based on play-by-play statistics of NBA games in 10 seasons...
Persistent link: https://www.econbiz.de/10011167268
In the last decades transport activities persistently increased in the EU27 and were strongly coupled to growth in gross domestic product. Like most production processes, they are inevitably linked with the generation of environmentally hazardous by-products, such as CO<Subscript>2</Subscript> emissions. This leads to...</subscript>
Persistent link: https://www.econbiz.de/10010987509