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This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and...
Persistent link: https://www.econbiz.de/10011809698
outcomes of either the individual herself or her reference group. The experiment described in this paper suggests that, in …
Persistent link: https://www.econbiz.de/10009751388
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010240829
Although there is already a variety of papers analyzing tax evasion decisions, only little focus is put on tax evasion of gains and losses. As taxpayers can evade taxes by either underreporting their income or by overdeducting expenses, we study whether there is a significant difference if...
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We study how other-regarding behavior extends to environments with uncertain income and conditional commitments. Should fundraisers ask a banker to donate "if he earns a bonus" or wait and ask after the bonus is known? Standard EU theory predicts these are equivalent; loss-aversion and signaling...
Persistent link: https://www.econbiz.de/10011346238
experiment to compare the betting behavior under the information feedback frequency and investment flexibility. According to the … previous experiment design, this study provides an experiment named “colored balls guess” on 54 subjects (including 18 general …
Persistent link: https://www.econbiz.de/10009762694