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’ willingness to pay (WTP) for insurance contracts. In an incentive-compatible laboratory experiment, subjects state their maximum …
Persistent link: https://www.econbiz.de/10013218589
data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based … decision quality when we assume a rank-dependent expected utility model of risk preferences. …
Persistent link: https://www.econbiz.de/10014305687
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral …
Persistent link: https://www.econbiz.de/10010293430
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral ….S.A. than anywhere else. -- conditional cooperation ; public goods ; experiment …
Persistent link: https://www.econbiz.de/10009729297
contributing to a public good. In the Hybrid Public Good experiment each of two interacting contributors chooses an independent …
Persistent link: https://www.econbiz.de/10013022017
Persistent link: https://www.econbiz.de/10003465123
We study the welfare effects of offering choice over coverage levels––“vertical choice”––in regulated health insurance … level of coverage. Using administrative data from a large employer, we find that the welfare gains from vertical choice are …
Persistent link: https://www.econbiz.de/10013238825
The endowment effect, status quo bias, and loss aversion are robust and well documented results from experimental psychology. They introduce a wedge between the prices at which one is willing to sell or buy a good. The objective of this paper is to address this wedge. We show that the presence...
Persistent link: https://www.econbiz.de/10010292793
The endowment effect, status quo bias, and loss aversion are robust and well documented results from experimental psychology. They introduce a wedge between the prices at which one is willing to sell or buy a good. The objective of this paper is to address this wedge. We show that the presence...
Persistent link: https://www.econbiz.de/10009724431
Persistent link: https://www.econbiz.de/10001583857