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cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011110481
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10011110638
A recent advance in our understanding of repeated PDs is the detection of a threshold d* at which laboratory subjects start to cooperate predictively. This threshold is substantially above the classic threshold "existence of Grim equilibrium" and has been characterized axiomatically by Blonski,...
Persistent link: https://www.econbiz.de/10011110806
legal immunity for bribe-givers, while retaining culpability for bribe-takers. Results from our experiment indicate that …
Persistent link: https://www.econbiz.de/10011110936
Despite ample evidence of ambiguity preferences in individual decision making, experimental studies of ambiguity effects in financial markets are scarce and inconclusive. Although a number of theoretical studies explain empirical puzzles in finance with ambiguity preferences, it is not a given...
Persistent link: https://www.econbiz.de/10011111031
Despite normative predictions from economics and biology, unrelated strangers will often develop the trust necessary to reap gains from one-shot economic exchange opportunities. This appears to be especially true when declared intentions and emotions can be cheaply communicated. Perhaps even...
Persistent link: https://www.econbiz.de/10011111225
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …
Persistent link: https://www.econbiz.de/10011111868
. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the …
Persistent link: https://www.econbiz.de/10011112148
I study the effect of sunk entry-costs on potential competition in a multi-market framework, where potential entrants have different home market profits. Although sunk-entry-costs are supposed to increase entry barriers, my experimental results suggest that firms view entry costs differently...
Persistent link: https://www.econbiz.de/10011112572
include the certain outcomes, cannot be unquestionably correct. The experiment of Starmer and Sugden (1991) evidently supports …
Persistent link: https://www.econbiz.de/10011112848