We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...

Existing research has demonstrated carryover effects whereby emotions generated in one context influence decisions in other, unrelated ones. We examine the carryover effect in relation to valuations of risky and ambiguous lotteries with a novel focus on comparing the carryovers arising from a...

We introduce and test a new tool designed to measure "relationship closeness". Studying relationship closeness has a long history in psychology and is currently expanding in other fields including economics. Our new measurement tool is a refinement of the widely used "Inclusion of Other in the...

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their...

This paper investigates whether the preference reversal phenomenon can be accommodated by a stochastic model of expected utility. The model is based on Loomes and Sugden's (European Economic Review, 1995) theory of random preference. Its central assumption is that each individual has a set of...

This paper investigates whether the preference reversal phenomenon can be accommodated by a stochastic model of expected utility. The model is based on Loomes and Sugden's (European Economic Review, 1995) theory of random preference. Its central assumption is that each individual has a set of...