We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or with tournament incentives. Compared to a baseline...

This paper proposes the Stochastic-Share Contest, a novel contest format that combines the Winner-Take-All Contest and the Proportional-Prize Contest, with the former nesting the latter two as special cases. Motivated by the experimental contest literature, we include risk aversion and a "joy of...

The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...

Models of job tournaments and competitive workplaces more generally predict that while individual effort may increase as competition intensifies between workers, the incentive for workers to cooperate with each other diminishes. We report on a field experiment conducted with workers from a...

Beauty contests are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior. In this work, we evaluate the relationship between beauty...

Ökonomische Experimente sind eine bislang selten verwendete Forschungsmethode im Bereich der agrarpolitischen Analyse. Dieser Beitrag erörtert die Grundlagen von Experimenten, vergleicht sie mit anderen Forschungsmethoden und zeigt ein mögliches Anwendungsgebiet für die Agrarpolitikanalyse...

Ökonomische Experimente sind eine bislang selten verwendete Forschungsmethodeim Bereich der agrarpolitischen Analyse. Dieser Beitrag erörtert die Grundlagenvon Experimenten, vergleicht sie mit anderen Forschungsmethoden und zeigt ein möglichesAnwendungsgebiet für die Agrarpolitikanalyse auf...

Ökonomische Experimente sind eine bislang selten verwendete Forschungsmethode im Bereich der agrarpolitischen Analyse. Dieser Beitrag erörtert die Grundlagen von Experimenten, vergleicht sie mit anderen Forschungsmethoden und zeigt ein mögliches Anwendungsgebiet für die Agrarpolitikanalyse...

"Beauty contests" are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior. In this work, we evaluate the relationship between beauty...

The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...