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Meier, Stephan - 2011

, time preferences are elicited using incentivized choice experiments. The aggregate distributions of discount factors and …

Persistent link: https://www.econbiz.de/10013133877

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …

Persistent link: https://www.econbiz.de/10013080140

Preferences for Consistency

Falk, Armin - 2011

This paper studies how a preference for consistency can affect economic decision-making. We propose a two-period model … strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second …

Persistent link: https://www.econbiz.de/10013122407

Beliefs and Utility : Experimental Evidence on Preferences for Information

Falk, Armin - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10012983901

Validating the Collective Model of Household Consumption Using Direct Evidence on Sharing

Bargain, Olivier - 2018

Recent advances in the collective model literature suggest ways to estimate the complete allocation of resources within households, using assignable goods and assuming adult preference similarity across demographic groups (or across spouses). While it makes welfare analysis at the individual...

Persistent link: https://www.econbiz.de/10012914348

An Afriat Theorem for the Collective Model of Household Consumption

Cherchye, Laurens; Rock, Bram de; Vermeulen, Frederic - 2021

We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference(CARP), which provides a...

Persistent link: https://www.econbiz.de/10013324875

Economic Consequences of Mispredicting Utility

Frey, Bruno S. - 2013

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

Persistent link: https://www.econbiz.de/10013080151

Teams Make You Smarter : Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual … specific, performance feedback. Some teams even perform better than the best individuals. The experience of team decision …

Persistent link: https://www.econbiz.de/10013139333

Complex Tax Incentives : An Experimental Investigation

Abeler, Johannes - 2013

real-effort experiment in which subjects receive a piece rate and face a set of taxes. In one treatment the tax system is …

Persistent link: https://www.econbiz.de/10013082139

Manipulation of Choice Behavior

Manzini, Paola - 2011

We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision …

Persistent link: https://www.econbiz.de/10013121739