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The origins of risk sharing: An experimental approach
Gazzillo, Steven; Sopher, Barry; Aktipis, Athena; Cronk, Lee - 2011
argument interprets similar results from similar experiments in diff erent ways. One side argues the results show that the …
Persistent link: https://www.econbiz.de/10010334262
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The relevance of irrelevant information in the dictator game
Ramalingam, Abhijit - In: Economics Bulletin 32 (2012) 1, pp. 746-754
We examine the sensitivity of the dictator game to information provided to subjects. We investigate if individuals internalize completely irrelevant information about players when making allocation decisions. Subjects are provided with their score and the scores of recipients on a quiz prior to...
Persistent link: https://www.econbiz.de/10009650413
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The Origins of Risk Sharing: An Experimental Approach
Gazzillo, Steven; Sopher, Barry; Aktipis, Athena; Cronk, Lee - Department of Economics, Rutgers University-New Brunswick - 2013
argument interprets similar results from similar experiments in different ways. One side argues the results show that the …
Persistent link: https://www.econbiz.de/10010678599
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Problems of utility and prospect theories. A discontinuity of Prelec’s function
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
–lottery incentive experiments. The results of the well-known experiments support this possibility as well. …
Persistent link: https://www.econbiz.de/10011109059
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Problems of utility and prospect theories. Certainty effect near certainty
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
A need for experiments on the certainty effect near the certainty (near the probability p = 1) is stated in this paper … purely mathematical restrictions and the “certain–uncertain” inconsistency of the random–lottery incentive experiments. The … results of the experiments of the certainty effect near the certainty show that Prelec’s (probability) weighting function can …
Persistent link: https://www.econbiz.de/10011109350
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Problems of utility and prospect theories. A ”certain-uncertain” inconsistency of the random-lottery incentive system
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
experiments of the utility and prospect theories, the choices of certain outcomes are stimulated by uncertain lotteries. Because … of this evident “certain-uncertain” inconsistency, the deductions from the random-lottery incentive experiments, those …
Persistent link: https://www.econbiz.de/10011112848
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Attitudes towards uncertainty and randomization : an experimental study
Dominiak, Adam - 2009
Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10003916450
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Coordination failure caused by sunspots
Beugnot, Julie; Gürgüç, Zeynep; Øvlisen, Frederik Roose - In: Economics Bulletin 32 (2012) 4, pp. 2860-2869
In a coordination game with Pareto-ranked equilibria, we study whether a sunspot can lead to either coordination on an inferior equilibrium (mis-coordination) or to out-of equilibrium behavior (dis-coordination). While much of the literature searches for mechanisms to attain coordination on the...
Persistent link: https://www.econbiz.de/10011278878
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Inequality Aversion and Voting on Redistribution
Höchtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - 2011
Some people have a concern for a fair distribution of incomes while others do not. Does such a concern matter for majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are pivotal. Pivotality, in turn, depends on the structure...
Persistent link: https://www.econbiz.de/10010294833
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Mandatory Sick Pay Provision: A Labor Market Experiment
Bauernschuster, Stefan; Duersch, Peter; Oechssler, Jörg; … - 2010
Sick-pay is a common provision in labor contracts. It insures workers against a sudden loss of income due to unexpected absences and helps them smooth consumption. Therefore, many governments find sick-pay socially desirable and choose to mandate its provision. But sick-pay is not without its...
Persistent link: https://www.econbiz.de/10011422200