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The Provision of Public Goods with Positive GroupInterdependencies

Güth, Werner; Sääksvuori, Lauri - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...

Persistent link: https://www.econbiz.de/10009022157

Understanding the Two Components of Risk Attitudes: AnExperimental Analysis

Qiu, Jianying; Steiger, Eva-Maria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the soleindex of risk attitude. (Cumulative) Prospect...

Persistent link: https://www.econbiz.de/10009022172

Can Personality Explain what is Underlying Women's Unwillingness to Compete?

Müller, Julia; Schwieren, Christiane - Alfred-Weber-Institut für Sozial- und … - 2011

. We first testwhether scores on the Big Five are related to performance in our experiment, and second how this is related …

Persistent link: https://www.econbiz.de/10009248986

Age Effects and Heuristics in Decision Making

Besedeš, Tibor; Deck, Cary; Sarangi, Sudipta; Shor, Mikhael - Louisiana State University <Baton Rouge, La.> / E. J. … - 2009

We examine in controlled experiments how individuals make choices when faced withmultiple options. The choice tasks … mimic the selection of health insurance, prescriptiondrug, or retirement savings plans. However, in our experiment, the …-of-sample experiment.... …

Persistent link: https://www.econbiz.de/10009302527

Preferences for Consistency

Falk, Armin; Zimmermann, Florian - Institut zur Zukunft der Arbeit <Bonn> - 2011

strength. We then presentthree experiments that study main predictions and implications of the model. The first is asimple … principal-agent experiment that shows that consistency is valued by others and thatthis value is anticipated. The second … experiment underlines the crucial role of earlycommitment for consistency preferences. Finally we show how preferences for …

Persistent link: https://www.econbiz.de/10009347594

Risk Taking in Winner-Take-AllCompetition

Kräkel, Matthias; Nieken, Petra; Przemeck, Judith - Universität <Bonn> / Wirtschaftswissenschaftlicher … - 2008

game is solved theoreticallyand then tested by using laboratory experiments. We find threeeffects that determine risk …

Persistent link: https://www.econbiz.de/10009354148

Money and Reciprocity

Hens, Thorsten; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. Weshow that positive reciprocity stabilizes the monetary system, provided everyparticipant considers accepting money as a reasonable...

Persistent link: https://www.econbiz.de/10005858586

Dont aim too high: the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …

Persistent link: https://www.econbiz.de/10005860745

Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; Boun My, Kene; VERGNAUD, JEAN; … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …

This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of ourexperimental...

Persistent link: https://www.econbiz.de/10005866694

An Experimental Investigation of Alternatives toExpected Utility Using Pricing Data

Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005

Experimental research on decision making under risk has until now always employed choicedata in order to evaluate the empirical performance of expected utility and the alternative nonexpectedutility theories. The present paper performs a similar analysis which relies on pricingdata instead of...

Persistent link: https://www.econbiz.de/10005866821