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Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10011500169
long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …
Persistent link: https://www.econbiz.de/10013033292
they solve this class of problems and in how they react to changes in the decision environment. We present an experiment …
Persistent link: https://www.econbiz.de/10014162811
We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...
Persistent link: https://www.econbiz.de/10012696938
Using a laboratory experiment with nested local and global public goods, we analyze the stability of global groups when …
Persistent link: https://www.econbiz.de/10011803271
agents, allowing them to plan optimally. This experiment tests a somewhat implicit assumption of the Rolling Model, or of …
Persistent link: https://www.econbiz.de/10013096664
predictions and test them in a multi-attribute choice laboratory experiment. Information requested during a search process was not …
Persistent link: https://www.econbiz.de/10013082980
Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10012985450
Elicited preference rankings for two lotteries are typically inconsistent in choice and price. We test whether pre-play learning makes preference rankings consistent. Pre-play learning denotes ex-ante lottery learning, where subjects observe playing lotteries before making decisions. We find...
Persistent link: https://www.econbiz.de/10012920542
Persistent link: https://www.econbiz.de/10013144587