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Most methodological discussion in experimental economics has been pursued by justifying the use of experiments as … theory testing vehicles. More recently it has also been argued that the external validity of experiments requires the use of … non- experimental field evidence. Therefore, it is argued, experiments are intermediaries between theories and field …
Persistent link: https://www.econbiz.de/10005001708
Most methodological discussion in experimental economics has been pursued by justifying the use of experiments as … theory-testing vehicles. More recently, it has also been argued that the external validity of experiments requires the use of … non-experimental field studies. Therefore, it has been proposed, experiments are intermediaries between theories and field …
Persistent link: https://www.econbiz.de/10005462991
We study how individuals’ willingness to delegate choice is affected by heterogeneity in identity between the delegee and the delegate. While it is straightforward that such heterogeneity can affect delegation for instrumental reasons, we show experimentally that divergent identity also causes...
Persistent link: https://www.econbiz.de/10015051753
Persistent link: https://www.econbiz.de/10012513699
We investigate various statistical methods for forecasting risky choices and identify important decision predictors. Subjects (n=44) are presented a series of 50/50 gambles that each involves a potential gain and a potential loss, and subjects can choose to either accept or reject a displayed...
Persistent link: https://www.econbiz.de/10011964372
Persistent link: https://www.econbiz.de/10012798379
measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non …
Persistent link: https://www.econbiz.de/10012519401
We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...
Persistent link: https://www.econbiz.de/10012020039
measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non …
Persistent link: https://www.econbiz.de/10012491975
The risk and time preferences of individuals as well as their subjective expectations regarding the future are likely … to play an important role in choice behaviour. Measurement of these individual characteristics in large-scale surveys has … results of measuring individuals’ attitudes towards inter-temporal choice, risk, and the future in a large-scale field survey …
Persistent link: https://www.econbiz.de/10011272397