We present data from an incentivized online experiment and responses from a set ofvalidated psychological questionnaires to measure entrepreneurs' risk and timepreferences and to identify entrepreneurs' personality characteristics. The analysesof the data suggest that intrinsic motivation...

We study the effect of time flexibility on volunteering. Using an online experiment, we tested predictions of a model of inter-temporal volunteering. Consistent with our theoretical predictions, we find that flexibility in choosing when to allocate effort donations increases overall donations...

The entrepreneur has long been perceived as a special person whose qualities and characteristics need to be investigated. Recent qualitative studies and narrative reviews suggest that entrepreneurs are different from non-entrepreneurs, and that typical entrepreneurial characteristics include...

There are two regularities we have learned from experimental studies of choice under risk. The first is that the majority of people weigh objective probabilities nonlinearly. The second regularity, although less commonly acknowledged, is that there is a large amount of heterogeneity in how...

In this paper we test Bester's (1985, 1987) prediction about the separating role of contracts that involve both interest rates and collateral requirements in credit markets. To test this prediction we use data from natural credit markets and controlled experiments. Using a sample of credits to...

We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make...

This paper tests the separating role of contracts that involve both interest rates and collateral in credit markets with asymmetric information. To test this prediction data from real credit markets and controlled experiments are used. Using a sample of credits to small and medium-sized firms in...

We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make...

We study incentive schemes that combine self-chosen goals with prosocial rewards. We design a real-effort task experiment with MTurk workers. Upon achieving self-chosen goals, rewards are paid to the worker in the monetary treatments or to charities in the prosocial treatments. To explore the...