a novel between-subjects experiment. The experiment varied expectations about cooperation by others. We find that higher … correlate with expectations about cooperation by others among students and other demographic subgroups. However, we lack … knowledge about whether the effect of expected cooperation is causal and a general feature of populations. We fielded …

Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for … 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 …

another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …

experiment with 66 students to measure the house-money effect on their risk preferences. They received an amount of money with … group got it the day of the experiment. We find that, when facing possible losses, people in the treatment group showed a … behave according to expected-utility theory, the risk-attitude adjustment corresponds to an average increase of 1 in their …