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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

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

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

"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

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

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

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