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Camerer, Colin; Talley, Eric - In: Handbook of law and economics : volume 2, (pp. 1619-1650). 2007

This chapter surveys literature on experimental law and economics. Long the domain of legally minded psychologists and criminologists, experimental methods are gaining significant popularity among economists interested in exploring positive and normative aspects of law. Because this literature...

Persistent link: https://www.econbiz.de/10014023489

Social influences towards conformism in economic experiments

Heap, Shaun Hargreaves - 2014

This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...

Persistent link: https://www.econbiz.de/10010230894

Participation and decision making : a three-person power-to-take experiment

Albert, Max; Mertins, Vanessa - 2008

It is often conjectured that participatory decision making may increase acceptance even of unfavorable decisions. The present paper tests this conjecture in a three-person power-to-take game. Two takers decide which fraction of the responder's endowment to transfer to themselves; the responder...

Persistent link: https://www.econbiz.de/10003864441

Moral Distance and Moral Motivations in Dictator Games

Aguiar, Fernando; Brañas-Garza, Pablo; Miller, Luis M. - 2007

We perform an experimental investigation using a dictator game in which individuals must make a moral decision - to give or not to give an amount of money to poor people in the Third World. A questionnaire in which the subjects are asked about the reasons for their decision shows that, at least...

Persistent link: https://www.econbiz.de/10014223441

Cognitive abilities and behavioral biases

Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

Persistent link: https://www.econbiz.de/10003716522

The effect of language on economic behavior : experimental evidence from children's intertemporal choices

Sutter, Matthias; Angerer, Silvia; Glätzle-Rützler, … - 2015 - Date: 25 September 2015

According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...

Persistent link: https://www.econbiz.de/10011343740

The effect of language on economic behavior : experimental evidence from children's intertemporal choices

Sutter, Matthias; Angerer, Silvia; Glätzle-Rützler, … - 2015

Persistent link: https://www.econbiz.de/10011346563

Confucianism and preferences : evidence from lab experiments in Taiwan and China

Liu, Elaine M.; Meng, Juanjuan; Wang, Joseph Tao-yi - 2013

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being...

Persistent link: https://www.econbiz.de/10010201272

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...

Persistent link: https://www.econbiz.de/10010425055

Cognitive abilities and behavioral biases

Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008

Persistent link: https://www.econbiz.de/10003747336

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