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This note paper considers briefly whether dictator games are a good tool to measure altruism. The answer is negative: behavior in dictator games is seriously confounded by what I shall label experimenter demand effects. Section 2 briefly defines dictator games and reviews some of its purported...
Persistent link: https://www.econbiz.de/10014178997
We measure time preferences in a sample of 561 children aged seven to eleven years. Using a within-subject design we compare the behavior of our subjects in two distinct experimental tasks: a standard choice list with multiple decisions and a simpler time-investment-exercise requiring one...
Persistent link: https://www.econbiz.de/10011373895
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10009772925
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10013072892
and Kahneman's (1992) prospect theory. While methods existed to measure event weighting and the utility for gains and … measure prospect theory's entire utility function. Consequently, we can properly identify properties of utility and perform … new tests of prospect theory. We implemented our method in an experiment and obtained support for prospect theory. Utility …
Persistent link: https://www.econbiz.de/10013007231
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10013078528
confronted with a specific task self-select into a competitive versus a piece-rate payment scheme. So far, both measurement …
Persistent link: https://www.econbiz.de/10011575940
This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...
Persistent link: https://www.econbiz.de/10009235083
We measure risk preferences for decisions that involve more than a single monetary attribute. According to theory, the …
Persistent link: https://www.econbiz.de/10013004097
Incentivized experiments are commonly used to estimate marginal rates of intertemporal substitution (MRS) in the lab and in the field in order to make inferences about individual time preferences. This paper considers an integrated model of behavior in which individuals are subject to financial...
Persistent link: https://www.econbiz.de/10013055596