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The standard economic model of crime emphasizes the individual rationality and agency of criminals. On the other hand, sociological theories typically emphasize the importance of social forces. This essay surveys a recent strand of literature on law enforcement that bridges these two approaches....
Persistent link: https://www.econbiz.de/10014192673
Incentivized methods for eliciting subjective probabilities in economic experiments present the subject with risky choices or bets that encourage truthful reporting. We discuss the most prominent elicitation methods and their underlying assumptions, provide theoretical comparisons, and propose...
Persistent link: https://www.econbiz.de/10014151830
The rise of the internet, increased connectivity and higher availability of personal data increases the relevance of incentives based on reputation and the allocation of esteem. However, their use is controversial: critics argue that shaming can lead to a loss of control over the size of the...
Persistent link: https://www.econbiz.de/10014103099
Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and macro level. This has resulted in several disparate theoretical approaches. Some, like rational inattention, assume a “top-down” model of executive optimization. Others,...
Persistent link: https://www.econbiz.de/10013230905
We run an experiment in which two subjects play a two-round minimum effort game in the presence of a third player (principal) who is the only one informed about past effort choices and benefits from a higher minimum effort of the others. Sanctions introduced in the second round by the...
Persistent link: https://www.econbiz.de/10014206700
To identify dual-process reasoning in giving, we exposed experimental participants making a charitable donation to vivid images of the charity's beneficiaries in order to stimulate affect. We hypothesized that the effect of an affective manipulation on giving would be larger when we...
Persistent link: https://www.econbiz.de/10011852702
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Part of why people give is because doing so sends a positive signal about the giver. The intended audience may be another person or the giver herself, yet the relative importance of social-signaling versus self-signaling is unclear. Using the predictions of a model of a preference-signaling...
Persistent link: https://www.econbiz.de/10012764726