Similar Search Results

Identifying the impact of hypothetical stakes on experimental outcomes and treatment effects

Fitzgerald, Jack - 2024

Recent studies showing that some outcome variables do not statistically significantly differ between real-stakes and hypothetical-stakes conditions have raised methodological challenges to experimental economics' disciplinary norm that experimental choices should be incentivized with real...

Persistent link: https://www.econbiz.de/10015165900

Born that way: Beliefs about genetics' importance and redistribution preferences

Pogliano, Andrea - 2024

Meritocratic fairness justifies inequality when it stems from performance. Yet performance is influenced by one's genetics. I investigate whether individuals' redistribution preferences are affected by their beliefs about genetics' role in generating performance inequality. In an incentivized...

Persistent link: https://www.econbiz.de/10014547697

Input versus Output Taxation in an Experimental International Economy

Riedl, Arno; van Winden, Frans - 2003

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...

Persistent link: https://www.econbiz.de/10010324982

How Universal is Behavior?

Brandts, Jordi; Saijo, 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/10010325039

Trading Places: An Experimental Comparison of Reallocation Mechanisms for Priority Queuing

Haji, Anouar El; Onderstal, Sander - 2015

In a laboratory experiment, we compare two auction mechanisms that determine the sequence of service to queued customers. In the server-initiated auction, the server, when idle, sells the right to be served next to the highest bidding customer in the queue and distributes the proceeds among the...

Persistent link: https://www.econbiz.de/10011288412

An Experimental Study of Bond Market Pricing

Weber, Matthias; Duffy, John; Schram, Arthur - 2016

An important feature of bond markets is the relationship between initial public offering prices and the probability of the issuer defaulting. First, this probability affects the bond prices. Second, IPO prices determine the default probability. Though market equilibrium has been shown to predict...

Persistent link: https://www.econbiz.de/10011526136

From self-fulfilling mistakes to behavioral learning equilibria

Hommes, Cars - 2017

This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of … JMG's ideas of self-fulfilling mistakes. Some of our learning-to-forecast laboratory experiments with human subjects have …

Persistent link: https://www.econbiz.de/10011662516

Learning, Forecasting and Optimizing: An Experimental Study

Bao, Te; Duffy, John; Hommes, Cars - 2012

Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such...

Persistent link: https://www.econbiz.de/10010326375

Meta-analysis: A Tool for Upgrading Inputs of Macroeconomic Policy Models

Florax, Raymond J.G.M.; de Groot, Henri L.F.; de Mooij, … - 2002

Meta-analysis is a research method to synthesise previously obtained researchresults. It is best seen as a statistical approach towards reviewing and summarising theliterature. This paper aims to introduce and critically review the research method ofmeta-analysis and to illustrate its potential...

Persistent link: https://www.econbiz.de/10010324851

Mostly Sunny: A Forecast of Tomorrow's Power Index Research

Kurz, Sascha; Maaser, Nicola; Napel, Stefan; Weber, Matthias - 2014

wer index research has been a very active field in the last decades. Will this continue or are all the important questions solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions keep calling for theoretical...

Persistent link: https://www.econbiz.de/10010377210