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interpersonal trade-offs. In a longitudinal experiment subjects make a series of intertemporal allocation decisions of real …, structural estimations reveal that this is because agents exhibit present bias in own but not in others' consumption. We show … that very similar differences in present bias are observed in the absence of any interpersonal trade-offs, when agents …
Persistent link: https://www.econbiz.de/10012232130
everybody else or another "unspeci fied" individual is doing, they exhibit a consensus bias (believing that others are similar … shows that not accounting for the biases will typically bias estimates of game-theoretic thinking upwards. …
Persistent link: https://www.econbiz.de/10012308290
actions in the corresponding game. We find no evidence of a hindsight bias or wishful thinking in any of the treatments. …
Persistent link: https://www.econbiz.de/10013341662
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The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012421506
experiment that investigates the impact of political institutions within groups on the development of conflict between groups. We …
Persistent link: https://www.econbiz.de/10012419136
knowledge. We test this result in a laboratory experiment. The data cannot confirm the predicted welfare dominance of private …
Persistent link: https://www.econbiz.de/10012422494
prices and highest realized gains from trade. Our experiment provides new evidence, from markets with very asymmetrically …
Persistent link: https://www.econbiz.de/10012437539