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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2020
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
Persistent link: https://www.econbiz.de/10012262354
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Measuring price risk aversion through indirect utility functions : a laboratory experiment
Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUFs as a suitable … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2022
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' \true...
Persistent link: https://www.econbiz.de/10013545997
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Best-of-Three Contests : Experimental Evidence
Sheremeta, Roman M.; Mago, Shakun D.; Yates, Andrew - 2011
We conduct an experimental analysis of a best-of-three Tullock contest. Intermediate prizes lead to higher efforts, while increasing the role of luck (as opposed to effort) leads to lower efforts. Both intermediate prizes and luck reduce the probability of contest ending in two rounds. The...
Persistent link: https://www.econbiz.de/10014177319
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Betrayal Aversion on Four Continents
Bohnet, Iris; Greig, Fiona; Herrmann, Benedikt; … - 2006
Due to betrayal aversion, people take risks less willingly when the agent of uncertainty is another person rather than nature. Individuals in four countries (Brazil, Switzerland, the United Arab Emirates and the United States) confronted either a binary-choice trust game or a risky decision...
Persistent link: https://www.econbiz.de/10014058307
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Trust, Reciprocity, and Betrayal Aversion : Theoretical and Experimental Insights
Breuer, Wolfgang - 2014
send less money than solely selfish ones. In our experiment, most subjects show distinct social preferences in the receiver …
Persistent link: https://www.econbiz.de/10013056469
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Does payoff equity facilitate coordination? : a test of Schelling's conjecture
López-Pérez, Raúl; Pintér, Ágnes; Kiss, Hubert J. - 2013
Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate coordination in normal-form games with multiple equilibria - the more equitable equilibrium might be selected either because fairness makes it focal or because many individuals dislike...
Persistent link: https://www.econbiz.de/10010224794
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The people's hired guns? : experimentally testing the inclination of prosecutors to abuse the vague definition of crimes
Engel, Christoph; Pluta, Alicja - 2011
Legal realists expect prosecutors to be selfish. If they get the defendant convicted, this helps them advance their careers. If the odds of winning on the main charge are low, prosecutors have a second option. They can exploit the ambiguity of legal doctrine and charge the defendant for vaguely...
Persistent link: https://www.econbiz.de/10009161317
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Conditional cooperation and betrayal aversion
Cubitt, Robin P.; Gächter, Simon; Quercia, Simone - 2015
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011308480
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Conditional cooperation and betrayal aversion
Cubitt, Robin P.; Gächter, Simon; Quercia, Simone - 2015
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011298544