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While it is well established that individuals and groups make different economic decisions, the reasons for the behavioral differences are still not fully understood. We experimentally compare individual and group behavior in a competitive setting where cheating can be used to outperform the...
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We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
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We report an experiment examining risk taking and information aggregation in groups. Group members come to the table …
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We test whether an environment of poverty affects time preferences through purely psychological channels. We measured … the role of economic constraints, we experimentally induced thoughts about poverty-related problems, using priming … techniques. We find that thinking about poverty increases the preference to consume entertainment early and to delay work. Using …
Persistent link: https://www.econbiz.de/10012596351
side, by magnifying the prevalence of anti-social behavior towards outsiders. A large-scale experiment implemented in …
Persistent link: https://www.econbiz.de/10011949115
This paper presents an experimental study on the ability of human groups to escape the tragedy of the commons through institutional change. It shows that the groups identify institutional change as a means of resolving social dilemmas and are ready to apply it even if the change requires an...
Persistent link: https://www.econbiz.de/10010509843