We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their own pay-off. Yet,...

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their own pay-off. Yet,...

This paper investigates the behavior of contestants in the game show Quiz Taxi when faced with the decision whether to bet the winnings they have acquired on a final double or nothing question. The decision is made by groups of two or three persons. This set-up enables the decision making...

In the public promotion of R&D cluster and network formation, the following situation typically arises: An initial network structure has developed over a long time span and policy measures affect the structure of links between the actors. This new network structure influences the effectiveness...

In the public promotion of R&D cluster and network formation, the following situation typically arises: An initial network structure has developed over a long time span and policy measures affect the structure of links between the actors. This new network structure influences the effectiveness...

This paper investigates the behavior of contestants in the game show “Quiz Taxi” when faced with the decision whether to bet the winnings they have acquired on a fi nal “double or nothing” question. The decision is made by groups of two or three persons. This set-up enables the decision...

We propose a framework for evaluating reproducibility and replicability in economics. Reproducibility is defined as testing if the results of an original study can be reproduced using the same data and replicability is defined as testing if the results of an original study hold in new data. We...

This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...

In recent years, the international community has expanded efforts in programme evaluation to improve the accountability of development projects. This paper presents approaches to implementing state-of-the-art evaluations in rural electrification projects, taking into account specific challenges...

With the ‘Sustainable Energy for All’ initiative led by the UN and World Bank, the provision of access to modern energy has recently been brought to the top of the international development agenda. However, there is yet little guidance on how to measure modern energy access or its...