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Thar she bursts - Reducing confusion reduces bubbles
Kirchler, Michael; Huber, Juergen; Stoeckl, Thomas - Institut für Finanzwissenschaft, Fakultät für … - 2011
To explore why bubbles frequently emerge in the experimental asset market model of Smith, Suchanek and Williams (1988), we vary the fundamental value process (constant or declining) and the cash-to-asset value-ratio (constant or increasing). We observe high mispricing in treatments with a...
Persistent link: https://www.econbiz.de/10008862597
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Experimental games on networks: Underpinnings of behavior and equilibrium selection
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - Institut für Finanzwissenschaft, Fakultät für … - 2014
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general …
Persistent link: https://www.econbiz.de/10010761741
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Resource scarcity, spite and cooperation
Prediger, Sebastian; Vollan, Bjoern; Herrmann, Benedikt - Institut für Finanzwissenschaft, Fakultät für … - 2013
cooperate and to engage in antisocial behaviour. The experiments were carried out with pastoralists from southern Namibia whose …
Persistent link: https://www.econbiz.de/10010659927
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Revealed distributional preferences: Individuals vs. teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - Institut für Finanzwissenschaft, Fakultät für … - 2013
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10010839590
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Distributional Preferences and Competitive Behavior
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2011
We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...
Persistent link: https://www.econbiz.de/10008799376
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institut für Finanzwissenschaft, Fakultät für … - 2012
We study experimentally the protection of property in five widely distinct countries-Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly different...
Persistent link: https://www.econbiz.de/10010587707
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No myopic loss aversion in adolescents? – An experimental note
Glätzle-Rützler, Daniela; Sutter, Matthias; Zeileis, Achim - Institut für Finanzwissenschaft, Fakultät für … - 2013
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and...
Persistent link: https://www.econbiz.de/10010632924
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The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence
Fehr, Ernst; Daniela R?tzler; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2011
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...
Persistent link: https://www.econbiz.de/10008837728
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Donations, risk attitudes and time preferences: A study on altruism in primary school children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - Institut für Finanzwissenschaft, Fakultät für … - 2014
We study in a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation experiment is related to children’s risk attitudes and intertemporal choices. Examining such a relationship is motivated by theories of reciprocal altruism that provide a cornerstone...
Persistent link: https://www.econbiz.de/10010889827
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Beliefs and truth-telling: A laboratory experiment
Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - Institut für Finanzwissenschaft, Fakultät für … - 2012
’ first- and second-order beliefs on truth-telling. While senders are more likely to lie if they expect the receiver to trust … believe the receiver expects them to tell the truth. We observe no such dependence on second-order beliefs in a payoff … equivalent game of matching pennies. Our results therefore indicate an impact of second-order beliefs as derived in models of …
Persistent link: https://www.econbiz.de/10010942533