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Inferring discount rates from time-preference experiments

Duquette, Eric; Higgins, Nathaniel; Horowitz, John - In: Economics Letters 123 (2014) 2, pp. 212-215

We observe that identification of the discount rate from experimental data requires an assumption about the consumption period, the length of time over which a payment will be turned into utility-providing consumption. We show that the optimal consumption period is substantially longer than...

Persistent link: https://www.econbiz.de/10010906364

Solidarity among the poor

Oliveira, Angela C.M. de; Eckel, Catherine C.; Croson, … - In: Economics Letters 123 (2014) 2, pp. 144-148

We conduct a field experiment with low-income subjects in Dallas, Texas. We examine voluntary, informal risk sharing using a visual representation of the solidarity game developed for low-literacy populations. We find substantially more ‘fixed gift to loser’ behavior and less...

Persistent link: https://www.econbiz.de/10010906371

Utility of a quarter-million

Blavatskyy, Pavlo R. - In: Economics Letters 117 (2012) 3, pp. 650-653

This paper presents a new method how to elicit the Bernoulli utility function over a wide range of monetary outcomes using approximation through Taylor expansion. The new method is applied to the natural experiment provided by the Swiss version of the television show Deal or No Deal.

Persistent link: https://www.econbiz.de/10010594087

Non-monetary incentives in online experiments

Vinogradov, Dmitri; Shadrina, Elena - In: Economics Letters 119 (2013) 3, pp. 306-310

Monetary incentives in online experiments are not always easy to implement. Yet online experiments are advantageous in … plausible results from online experiments by using non-monetary incentives like altruism and curiosity? We investigate the role … of non-monetary incentives in a simple Ellsberg-type experiment which can be easily compared to similar lab experiments. …

Persistent link: https://www.econbiz.de/10010664139

Moderate stake variations for risk and uncertainty, gains and losses: Methodological implications for comparative studies

Vieider, Ferdinand M. - In: Economics Letters 117 (2012) 3, pp. 718-721

Risk attitudes are known to be sensitive to large stake variations. However, little is known on the sensitivity to moderate variations in stakes. This is important for studies that want to compare risk attitudes between countries or over time. I find that variations of ±20% affect only utility,...

Persistent link: https://www.econbiz.de/10011041766

Risk-taking for others under accountability

Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M. - In: Economics Letters 114 (2012) 1, pp. 102-105

We let subjects take risky decisions that affect themselves and a passive recipient. Adding a requirement to justify their choices significantly reduces loss aversion. This indicates that such an accountability mechanism may be effective at debiasing loss aversion in agency relations.

Persistent link: https://www.econbiz.de/10010597194

The role of information in tax compliance: Evidence from a natural field experiment

Kosonen, Tuomas; Ropponen, Olli - In: Economics Letters 129 (2015) C, pp. 18-21

This paper studies how much firms make unintentional mistakes in their tax filing, and to what extent this can be affected by providing information about the tax code. We utilize a novel natural field experiment design, where we candidly provide information to firms reporting their VAT within a...

Persistent link: https://www.econbiz.de/10011263405

Motivation crowding theory and pro-environmental behavior: Experimental evidence

Rommel, Jens; Buttmann, Vera; Liebig, Georg; … - In: Economics Letters 129 (2015) C, pp. 42-44

Behavioral economists have argued that incentives can backfire. In a field experiment, we distribute “no junk mail” stickers to more than 800 households. We introduce information, monitoring, and rewards in treatments. We do not find evidence of motivation crowding out.

Persistent link: https://www.econbiz.de/10011263435

Adolescents, cognitive ability, and minimax play

Geng, Sen; Peng, Yujia; Shachat, Jason; Zhong, Huizhen - In: Economics Letters 128 (2015) C, pp. 54-58

We conduct experiments with adolescent participants on repeated fixed play in three different zero-sum games which have …

Persistent link: https://www.econbiz.de/10011208451

Effects of supervision on tax compliance: Evidence from a field experiment in Austria

Gangl, Katharina; Torgler, Benno; Kirchler, Erich; … - In: Economics Letters 123 (2014) 3, pp. 378-382

We conduct a field experiment on tax compliance, focusing on newly founded firms. As a novelty the effect of tax authorities’ supervision on timely tax payments is examined. Interestingly, results show no positive overall effect of close supervision on tax compliance.

Persistent link: https://www.econbiz.de/10010776617