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begin by examining how the methodology has been used to test economic models with populations of theoretical interest. Next … covariates to test theoretical predictions and explore behavioral mechanisms. We proceed to discuss how the methodology can be … utilized to compare behavior across cultures and contexts, and test for the external validity of results obtained in the lab …
Persistent link: https://www.econbiz.de/10014023427
We obtain rich measures of risk preferences of poor farmers in Vietnam, and estimate structural models that capture risk preferences over different probability levels and across different domains (gains and losses). The results break radically with the previous literature on risk preferences, in...
Persistent link: https://www.econbiz.de/10010195376
There is by now ample evidence from laboratory experiments that individuals exhibit "prosocial" or "other-regarding" preferences. However, a key question is whether the importance of other-regarding preferences documented in the laboratory can be readily generalized to draw conclusions about the...
Persistent link: https://www.econbiz.de/10011434284
We measure a specific form of other-regarding behavior, costly cooperation with an anonymous other, among 645 subjects at a trucker training program in the Midwestern US. Using subjects' second-mover strategy in a sequential form of the Prisoners' Dilemma, we categorize subjects as: Free Rider,...
Persistent link: https://www.econbiz.de/10011453418
Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...
Persistent link: https://www.econbiz.de/10009738333
Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...
Persistent link: https://www.econbiz.de/10009740435
individuals by leveraging their private information about the expected benefits from the targeted behavior. We test the …
Persistent link: https://www.econbiz.de/10012797712
We study social preferences in the form of altruism using data on 959 interactions between random commuters at selected traffic intersections in the city of Brisbane, Australia. By observing real decisions of individual commuters on whether to stop (give way) for others, wefind evidence of (i)...
Persistent link: https://www.econbiz.de/10013093531
Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences from non-migrants in risk and ambiguity preferences...
Persistent link: https://www.econbiz.de/10010360288
Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk preferences. The field experiment proceeded in three stages: a...
Persistent link: https://www.econbiz.de/10012118320