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Hidden in plain sight : influential sets in linear models

Kuschnig, Nikolas; Zens, Gregor; Crespo Cuaresma, Jesús - 2021

Assessing the robustness of the results of econometric analysis is a long standing subject of lively research. The … that increased attention to inﬂuential sets is warranted and comprehensive robustness measures for regression analysis are …

Persistent link: https://www.econbiz.de/10012494906

A theory of experimenters

Banerjee, Abhijit V.; Chassang, Sylvain; Montero, Sergio; … - 2017

This paper proposes a decision-theoretic framework for experiment design. We model experimenters as ambiguity …-averse decision-makers, who make trade-offs between subjective expected performance and robustness. This framework accounts for … sample size is large enough or robustness is an important concern. We illustrate the practical value of such a framework by …

Persistent link: https://www.econbiz.de/10011735910

Robust mechanism design and social preferences

Bierbrauer, Felix; Ockenfels, Axel; Pollak, Andreas; … - 2014

We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...

Persistent link: https://www.econbiz.de/10010260043

Teams punish less

Auerswald, Heike; Schmidt, Carsten; Thum, Marcel; … - 2013

punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …

Persistent link: https://www.econbiz.de/10010189837

Quantifying lottery choice complexity

Enke, Benjamin; Shubatt, Cassidy - 2023

We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...

Persistent link: https://www.econbiz.de/10014340230

Ambiguity attitudes of individuals and groups in gain and loss domains

Minnich, Aljoscha; Lange, Andreas - 2023

the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent. …

Persistent link: https://www.econbiz.de/10014431395

Narratives and valuations

Morag, Dor; Loewenstein, George - 2023

While the significance of narrative thinking has been increasingly recognized by social scientists, very little empirical research has documented its consequences for economically significant outcomes. The current paper addresses this gap in one important domain: valuations. In three...

Persistent link: https://www.econbiz.de/10014384016

Complex tax incentives : an experimental investigation

Abeler, Johannes; Jäger, Simon - 2013

How does tax complexity affect people's reaction to tax changes? To answer this question, we conduct an experiment in … large or small incentive changes. -- complexity ; taxation ; attention ; salience ; laboratory experiment …

Persistent link: https://www.econbiz.de/10009742826

The intrinsic value of decision rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - 2013

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...

Persistent link: https://www.econbiz.de/10009743733

The design of ambiguous mechanisms

Di Tillio, Alfredo; Kos, Nenad; Messner, Matthias - 2014

This paper explores the sale of an object to an ambiguity averse buyer. We show that the seller can increase his profit by using an ambiguous mechanism. That is, the seller can benefit from hiding certain features of the mechanism that he has committed to from the agent. We then characterize the...

Persistent link: https://www.econbiz.de/10010399062