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socioeconomic characteristics. Finally, we test their association with other preferences, attitudes and beliefs. …
Persistent link: https://www.econbiz.de/10014249889
Laboratory experiments are an important methodology in economics, especially in the field of behavioral economics. However, it is still debated to what extent results from laboratory experiments can be applied to field settings. One highly important question with respect to the external validity...
Persistent link: https://www.econbiz.de/10003347253
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10009709528
Experimental economics offers useful tools for cross-cultural research. Experimental games are well-defined environments characterized by a set of players, strategies and incentives. Conducting identical experiments with subjects from different cultures offers unprecedented control over the...
Persistent link: https://www.econbiz.de/10012897972
implications: what is 'played out' at the end of the experiment is not influenced by subjects choosing this middle column. In other … experiment, which adopts this latter incentive mechanism, and ask the question as to why people might choose this option, that is … it gives the highest utility, but the DM may tremble in expressing his or her preference; the third is that the DM cannot …
Persistent link: https://www.econbiz.de/10012869670
another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment … of their budget, subjects change consumption according to the label. A controlled laboratory experiment confirms this … Bracketing ; Field Experiment ; Laboratory Experiment …
Persistent link: https://www.econbiz.de/10008699736
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
Having an accurate account of preferences help governments design better policies for their citizens, organizations develop more efficient incentive schemes for their employees and adjust their product to better suit their clients' needs. The plethora of elicitation methods most commonly used...
Persistent link: https://www.econbiz.de/10014346015
points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10010339388
and can improve individual and public welfare. This paper presents the results of a controlled experiment that was … also whether yielding or opposing a nudge affects attitudes, and whether nudging intentions (pledges) translate into … experiment, and those who kept participating were less likely to pledge again. This, along with high attrition among nudged …
Persistent link: https://www.econbiz.de/10011694731