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Measuring price risk aversion through indirect utility functions : a laboratory experiment
Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … in the mainstream of experimental economics. Indeed, the DT in modern microeconomics indicates that the direct utility … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
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Attention and selection effects
Ambuehl, Sandro; Ockenfels, Axel; Stewart, Colin - 2019
Payments and discounts incentivize participation in many transactions about which people know little, but can learn more --- payments for medical trial participation, signing bonuses for job applicants, or price rebates on consumer durables. Who opts into the transaction when given such...
Persistent link: https://www.econbiz.de/10012052276
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On the effect of anchoring on valuations when the anchor is transparently uninformative
Ioannidis, Konstantinos; Offerman, Theo; Sloof, Randolph - 2020 - Revision: April 2020
We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects by asking them if they are willing to sell a bottle of wine for a transparently uninformative random price. We elicit subjects' Willingness-To-Accept for the bottle before and...
Persistent link: https://www.econbiz.de/10012122507
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"Let them eat cake" : drought, peasant uprisings, and demand for institutional change in the French revolution
Waldinger, Maria - 2023
The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that those more affected by the drought more often...
Persistent link: https://www.econbiz.de/10014227758
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Deceleration: Revealed Preference in Society and Win-Win-Strategy for Sustainable Management
Günther, Edeltraud; Lehmann-Waffenschmidt, Marco - 2007
Until recently "deceleration" has been little recognized as a technical term or as an idea, but now it seems to be getting more attention. Despite time is a decisive factor for the productivity and competitive advantages of companies continual acceleration may well be counter-productive and lead...
Persistent link: https://www.econbiz.de/10010296817
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On the construction of social preferences in lab experiments
Borgloh, Sarah; Dannenberg, Astrid; Aretz, Bodo - 2010
This paper studies the construction of social preferences in the lab. Experimental subjects have the opportunity to donate to a charity and to allocate money in a conventional dictator game. The results show that charitable donations and dictator game allocations are positively correlated. The...
Persistent link: https://www.econbiz.de/10010303003
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On the construction of social preferences in lab experiments
Borgloh, Sarah; Dannenberg, Astrid; Aretz, Bodo - 2010
more stable. -- Social preferences ; charitable donations ; dictator game ; experiment …
Persistent link: https://www.econbiz.de/10008701355
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The economics of altruistic punishment and the demise of cooperation
Egas, Martijn; Riedl, Arno - 2005
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10011343948
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An eye-tracking study of feature-based choice in one-shot games
Devetag, Giovanna; Di Guida, Sibilla; Polonio, Luca - 2013
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
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The economics of altruistic punishment and the demise of cooperation
Egas, Martijn (contributor); Riedl, Arnold (contributor) - 2005
punishment ; collective action ; public goods ; internet experiment …
Persistent link: https://www.econbiz.de/10003086450