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experiments. In this paper, we establish important bounds on these results by examining the behavior of four distinct subject … that pit professionals against preprogrammed computers, and (2) post-experiment questionnaires. The most likely explanation …
Persistent link: https://www.econbiz.de/10008614935
We present and experimentally test a mechanism that provides a simple, natural, low cost, and realistic solution to the problem of compliance with socially determined efficient actions, such as contributing to a public good. We note that small self-governing organizations often place enforcement...
Persistent link: https://www.econbiz.de/10009019669
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10009019694
We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...
Persistent link: https://www.econbiz.de/10005036819
A commonly held view is that laboratory experiments provide researchers with more “control” than natural field … experiments, and that this advantage is to be balanced against the disadvantage that laboratory experiments are less generalizable …. This paper presents a simple model that explores circumstances under which natural field experiments provide researchers …
Persistent link: https://www.econbiz.de/10011133521
generalizability. Given that field experiments are in their infancy, our secondary focus pertains to a discussion of the various … parameters that they identify, and how they add to scientific knowledge. We conclude that until we conduct more field experiments …
Persistent link: https://www.econbiz.de/10011188539
We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this instrument, we structurally estimate a two-parameter model of preferences. Our findings indicate that ambiguity aversion is significantly overstated when risk neutrality is assumed....
Persistent link: https://www.econbiz.de/10011189100
generalizability. Given that field experiments are in their infancy, our secondary focus pertains to a discussion of the various … parameters that they identify, and how they add to scientific knowledge. We conclude that until we conduct more field experiments …
Persistent link: https://www.econbiz.de/10010821685
our predictions in a laboratory experiment that compares two-bidder auctions with one prize and 20-bidder auctions with …
Persistent link: https://www.econbiz.de/10010821817
Laboratory experiments have been used extensively in economics in the past several decades to lend both positive and … grown in prominence of late--field experiments. I argue that field experiments serve as a useful bridge between data … field experiments can yield important insights into economic theory and provide useful guidance to policymakers. I also draw …
Persistent link: https://www.econbiz.de/10005084551