We present a model where each of two players chooses between remuneration based on either private or team effort. Although at least one of the players has the equilibrium strategy to choose private remuneration, we frequently observe both players to choose team remuneration in a series of...

To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...

Für die einen gilt: "Nur Warnhinweise auf Lebensmitteln können vor der Volksseuche Übergewicht noch retten." Für die anderen hingegen ist klar: "Eine rote Ampel auf kalorienreichen Lebensmitteln bedeutet eine unerträgliche Entmündigung der Bürger." Die aktuelle Kontroverse um die von der...

The energy consumption of large-scale data centers or server clusters is expected to grow significantly in the next couple of years contributing to up to 13% of the worldwide energy demand in 2030. As the involved processing units require a disproportional amount of energy when they are idle,...

Experimenters make theoretically irrelevant decisions concerning user interfaces and ordering or labeling of options. Reanalyzing dictator games, I first show that such decisions may drastically affect comparative statics and cause results to appear contradictory across experiments. This...

This paper studies covariate adjusted estimation of the average treatment effect in stratified experiments. We work in a general framework that includes matched tuples designs, coarse stratification, and complete randomization as special cases. Regression adjustment with treatment-covariate...

Frequent climate shocks require farmers in developing countries to increase their resilience. Although index insurance is often discussed as a promising climate adaptation strategy, take-up rates are still low. This study primarily explores the role of peer behavior as peer imitation in the...

This paper uses proprietary data comprising of 4,155 participants who attended financial education seminars conducted by a major U.S. consumer credit counseling agency in 2007. In this study, knowledge gained from attending the seminars is estimated using a multivariate regression model. Results...

We use incentivized economics experiments to test both the point predictions and comparative static predictions of optimal transfer pricing models, comparing behavior under varying conditions, including wholly versus partially-owned subsidiaries and different tariff and tax rates. As predicted,...

Um Präferenzen für Maßnahmen zur Stärkung von Sicherheit und Verteidigung als öffentlichem Gut zu bestimmen, bieten sich repräsentativ durchgeführte diskrete Entscheidungsexperimente an. Ein solches umfragegestütztes Experiment offenbart für Deutschland eine große Wertschätzung für...