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Are preferences incomplete?An experimental study using flexible choices
Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Completeness, the most commonly assumed axiom in preference theory,has not received much attention from the experimental literature. Indeed,incomplete preferences model a cognitive phenomenon (an agent's inabilityto compare alternatives), and therefore cannot be directly revealed throughchoice...
Persistent link: https://www.econbiz.de/10005866783
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Student performance and loss aversion
Karle, Heiko; Engelmann, Dirk; Peitz, Martin - 2019 - Version: August 21, 2019
that are extracted from a classroom experiment. We find that more-loss-averse students leave more questions unanswered and … evidence that loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a … over time, as the experiment was conducted three months prior to the exam. We also find important differences across …
Persistent link: https://www.econbiz.de/10012064831
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Measuring tastes for equity and aggregate wealth behind the veil of ignorance
Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018
We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011928322
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Loss aversion and consumption choice : theory and experimental evidence ; conference paper
Karle, Heiko; Kirchsteiger, Georg; Peitz, Martin - 2013 - Version: May 9, 2013
points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10010339388
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Wallflowers : Experimental Evidence of an Aversion to Standing Out
Jones, Daniel; Linardi, Sera - 2016
An extensive literature on reputation signaling in prosocial settings has focused on an intrinsic desire for positive reputation. In our paper, we provide experimental evidence that some individuals are averse to both positive and negative reputation, and will, therefore, respond to visibility...
Persistent link: https://www.econbiz.de/10014039832
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Punishment with Uncertain Outcomesin the Prisoner’s Dilemma
Dürsch, Peter; Servátka, Maroš - Alfred-Weber-Institut für Sozial- und … - 2009
This paper experimentally investigates whether risk-averseindividuals punish less if the outcome of punishment is uncertain thanwhen it is certain. Our design includes three treatments: Baseline inwhich the one-shot prisoner’s dilemma game is played; CertainPunishment in which the prisoner’s...
Persistent link: https://www.econbiz.de/10005868379
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Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion
Heufer, Jan - 2012
It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...
Persistent link: https://www.econbiz.de/10014175928
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Rebates, Matches, and Consumer Behavior
Davis, Douglas D.; Millner, Edward L. - Department of Economics, School of Business - 2004
An experiment conducted to examine the effects of different discount formats on consumer purchases is reported …
Persistent link: https://www.econbiz.de/10005481558
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Don’t 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
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Rationally inattentive consumer : an experiment
Civelli, Andrea; Deck, Cary A.; LeBlanc, Justin D.; … - 2018
This paper presents a laboratory experiment that directly tests the theoretical predictions of consumption choices …
Persistent link: https://www.econbiz.de/10012030042