in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …

This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are … willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not … affect their decision. Our findings suggest that this demand for non-instrumental information is caused by what we refer to …

We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a …

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …

direction, we have conducted a laboratory experiment with 490 participants. We consider "cooperative" investments that directly …

report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In …

principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …