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Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
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Gender Differences in Altruism on Mechanical Turk : Expectations and Actual Behaviour
Brañas-Garza, Pablo - 2018
Whether or not there are gender differences in altruistic behaviour in Dictator Game experiments has attracted considerable attention in recent years. Earlier studies found women to be more altruistic than men. However, this conclusion has been challenged by more recent accounts, which have...
Persistent link: https://www.econbiz.de/10012936008
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Designing information provision experiments
Haaland, Ingar; Roth, Christopher; Wohlfart, Johannes - 2020
challenges and design recommendations that may be of help for practitioners planning to conduct an information experiment. We …
Persistent link: https://www.econbiz.de/10012240454
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A quantitative easing experiment
Penalver, Adrian; Hanaki, Nobuyuki; Akiyama, Eizo; … - 2020
) operation. In our experiment, the bonds are perfect substitutes for cash and have a constant fundamental value which is not …
Persistent link: https://www.econbiz.de/10012253900
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What do the data tell us about inflation expectations?
D'Acunto, Francesco; Malmendier, Ulrike; Weber, Michael - 2022
Inflation expectations are central to economics because they affect the effectiveness of fiscal and monetary policy as well as realized inflation. We survey the recent literature with a focus on the inflation expectations of households. We first review standard data sources and discuss their...
Persistent link: https://www.econbiz.de/10012886870
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
Persistent link: https://www.econbiz.de/10010409967
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
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Resolving persistent uncertainty by self-organized consensus to mitigate market bubbles
Sornette, Didier; Andraszewicz, Sandra; Murphy, Ryan O.; … - 2016
We propose a new paradigm to study coordination in complex social systems, such as financial markets, that accounts for fundamental uncertainty. This new context has features from prediction markets that have been shown previously to mitigate price bubbles in classical asset market experiments....
Persistent link: https://www.econbiz.de/10011514493
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Quasi-rational R&D behavior in an environment with fundamental uncertainty
Dimmig, Anne-Kathrin; Erlei, Mathias - 2012 - First Version: August 2012
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …
Persistent link: https://www.econbiz.de/10010481420
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Comment on 'Giving According to GARP : An Experimental Test of the Consistency of Preferences for Altruism'
Grech, Philip; Halten, Jessica; Hoeppner, Sven; Nax, … - 2021
We present clean experimental evidence that a methodological confound was introduced by Andreoni and Miller (2002) that leads to diametrically opposed conclusions regarding comparisons of preferences between categories of fellow human beings distinguished by gender or age. Our study is a warning...
Persistent link: https://www.econbiz.de/10013240711