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We present evidence against the standard assumptions that social preferences are stable and can be measured in a reliable, nonintrusive manner. We find evidence that measures of social preferences can affect subsequent behavior. Researchers often measure social preferences by posing dictator...
Persistent link: https://www.econbiz.de/10014194261
We reinvestigate the question first posed by Glaeser, Laibson, Scheinkman and Soutter (2000, GLSS hereafter): What is the best measure of trust for predicting trusting behavior? This important study, cited over 2,100 times, established that the behavior in the investment game, an incentivized...
Persistent link: https://www.econbiz.de/10012955380
Although there is an increasing interest in examining the relationship between cognitive ability and economic behavior, less is known about the relationship between cognitive ability and social preferences. We investigate the relationship between significant measures of intelligence and measures...
Persistent link: https://www.econbiz.de/10013092208
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
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
Public good contribution in experiments may at least partially be driven by the social demand to contribute that is implicit in them. We consider a questionnaire measure and build a behavioral measure of sensitivity to social pressure based on paired dictator and money burning games; we find...
Persistent link: https://www.econbiz.de/10014197763
Identifying creative ability and its determinants is crucial in understanding artistic and innovative achievements. Previous work has shown that performance across established creativity tasks does not correlate within participants. A potential reason for this finding is that most creativity...
Persistent link: https://www.econbiz.de/10015410980
This paper introduces a family of multi-period poverty measures derived from commonly used static poverty measures. Our measures trade-off poverty levels and changes (gains and losses) over time, and are consistent with loss aversion. We characterize the partial ranking over income dynamics...
Persistent link: https://www.econbiz.de/10014199883
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
We examine the effects of self-control mechanisms on saving behavior using the 2013 Survey of Consumer Finances (SCF), following the assumptions of research that analyzed the 1998 SCF. Self-control mechanisms include saving goals, foreseeable expenses, and saving rules. We find a positive effect...
Persistent link: https://www.econbiz.de/10012952444