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Individuals exhibit a randomization preference if they prefer random mix-tures of two bets to each of the involved bets. Such preferences provide thefoundation of various models of uncertainty aversion. However, it has to ourknowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10009249012
It is difficult to disagree with Vernon Smith's (2010) assessment of thestate of the art in experimental economics. It is informed by the experienceof someone who was there, right at the beginning of experimental economics.Some of the problems he discusses, like the frequent failure of backward...
Persistent link: https://www.econbiz.de/10009249017
behaviour in experiments. For other payoff parameters, however,actual behaviour deviates consistently from that predicted by …
Persistent link: https://www.econbiz.de/10009262201
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
rivalry in our incentivized experiments. Females alsochose to play far more mixed strategies than males indicating some …
Persistent link: https://www.econbiz.de/10009302578
Economic experiments have only gained limited attention as research methodswithin the range of agricultural policy … analysis. The aim of this paper is to reconsider basicsof economic experiments and to compare them to other research methods... …
Persistent link: https://www.econbiz.de/10009302599
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
the users' gaze paths. To this end, we haveconducted an experiment with 20 subjects viewing 50 image-tag-pairseach. We …
Persistent link: https://www.econbiz.de/10009354099
this gap we conduct the first experiment on MLA in which thedegree of myopia is manipulated to change over time. Our …
Persistent link: https://www.econbiz.de/10009354101
presented. Experiments for checking the efficiencyof algorithms are discussed.[...] …
Persistent link: https://www.econbiz.de/10009354107