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Heufer, Jan; Bruggen, Paul van - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid … tool to put the utility maximization hypothesis to the test. …

Persistent link: https://www.econbiz.de/10011563010

Homothetic efficiency and test power : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2015

We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency. Homotheticity is a useful restriction but data rarely satisfies testable conditions. To overcome this we provide a way to estimate homothetic efficiency of consumption choices. It...

Persistent link: https://www.econbiz.de/10010532589

Information and strategic voting

Tyszler, Marcelo; Schram, Arthur - 2011

We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...

Persistent link: https://www.econbiz.de/10011383055

Understanding contract audits : an experimental approach

Bertrand, Robert M. M.; Schram, Arthur; Vaassen, Eddy H. J. - 2011

Contract audits aimed at reducing information asymmetry and transaction costs are frequently used in imperfect markets such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment to investigate this paradox. Our laboratory setup...

Persistent link: https://www.econbiz.de/10011383168

Control without deception

Bardsley, Nicholas - 2000

Lying to participants offers an experimenter the enticing prospect ofmaking "others' behaviour" a controlled variable,but is eschewed by experimental economists because it may pollute thepool of subjects. This paper proposes andimplements a new experimental design, the Conditional...

Persistent link: https://www.econbiz.de/10011304381

That's just : not fair ; gender differences in notions of justice

Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2015

In Becker et al. (2013a,b), we proposed a theory to explain giving behaviour in dictator experiments by a combination of selfishness and a notion of justice. The theory was tested using dictator, social planner, and veil of ignorance experiments. Here we analyse gender differences in preferences...

Persistent link: https://www.econbiz.de/10011327335

How universal is behavior?

Brandts, Jordi; Saijō, Tatsuyoshi; Schram, Arthur - 2002

This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...

Persistent link: https://www.econbiz.de/10011327522

Experimental public choice

Schram, Arthur - 2002

A review is given of the use of laboratory experiments in the Public Choice literature. A distinction is made in experiments on public goods, participation games, rent-seeking and lobbying, and spatial voting.

Persistent link: https://www.econbiz.de/10011327841

Coordination of expectations in asset pricing experiments

Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003

We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....

Persistent link: https://www.econbiz.de/10011333274

Who are the behavioral economists and what do they say?

Heukelom, Floris - 2007

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...

Persistent link: https://www.econbiz.de/10011372527