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Disappointment Aversion and Social Comparisons in a Real-Effort Competition

Gaechter, Simon; Huang, Lingbo; Sefton, Martin - 2017

We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...

Persistent link: https://www.econbiz.de/10011698656

Conditional Cooperation and Betrayal Aversion

Cubitt, Robin P.; Gaechter, Simon; Quercia, Simone - 2015

We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....

Persistent link: https://www.econbiz.de/10011307114

The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment

Schunk, Daniel; Winter, Joachim - 2007

Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different classes of decision rules: rules that are optimal conditional on utility functions departing from...

Persistent link: https://www.econbiz.de/10010427494

The Importance of Peers for Compliance with Norms of Fair Sharing

Gaechter, Simon; Gerhards, Leonie; Nosenzo, Daniele - 2017

A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...

Persistent link: https://www.econbiz.de/10011698664

Peer Effects and Social Preferences in Voluntary Cooperation

Thöni, Christian; Gaechter, Simon - 2014

Social preferences and social influence effects (“peer effects”) are well documented, but little is known about how peers shape social preferences. Settings where social preferences matter are often situations where peer effects are likely too. In a gift-exchange experiment with independent...

Persistent link: https://www.econbiz.de/10010352369

Leaders as Role Models for the Voluntary Provision of Public Goods

Gaechter, Simon; Renner, Elke - 2014

We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field … influenced by leaders (CEOs, politicians) and beliefs about others' behavior. Our framework is an experimental public goods game … with a leader. We find that leaders strongly shape their followers' initial beliefs and contributions. In later rounds …

Persistent link: https://www.econbiz.de/10010435735

Risk attitudes and Medicare Part D enrollment decisions

Vetter, Stefan; Heiss, Florian; McFadden, Daniel; … - 2012

The new Medicare Part D program provides prescription drug coverage for older Americans through highly subsidized and tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources, obtaining Part D coverage would be rational, but it...

Persistent link: https://www.econbiz.de/10010427649

Consumer-Directed Health Care: Can Consumers Look After Themselves?

McFadden, Daniel; Winter, Joachim; Heiss, Florian - 2008

In health care systems today, including those of Switzerland and the United States, participants do not necessarily see the big picture of lifetime health costs and quality of life, and in many systems consumers and providers lack the incentives to manage preventative and chronic care to...

Persistent link: https://www.econbiz.de/10010427539

Suit the action to the word, the word to the action: Hypothetical choices and real decisions in Medicare Part D

Kesternich, Iris; Heiss, Florian; McFadden, Daniel; … - 2012

preferences prior to its introduction. In this paper, we investigate whether hypothetical choice experiments can serve as a tool …

Persistent link: https://www.econbiz.de/10010427623

Combining "Real Effort" with Induced Effort Costs: The Ball-Catching Task

Gaechter, Simon; Huang, Lingbo; Sefton, Martin - 2015

provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production … experiments using purely induced values. We conclude that the ballcatching task combines the advantages of real effort with …

Persistent link: https://www.econbiz.de/10010531823