Altmann, Steffen; Falk, Armin; Wibral, Matthias - Institute for the Study of Labor (IZA) - 2008
. The whole experimental session lasted on average 100
minutes and subjects earned an average of 18.25 Euro (1 Euro = 1 ….26 USD at the time
of experiment), including a showup-fee of 4 Euro and a fixed payment of 3 Euro for
completing the … treatments is risk neutral, and the certainty equivalent of more than 50% of subjects
lies in a range of +/−0.25 Euro around the …