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Do Option-like Incentives Induce Overvaluation? Evidence from Experimental Asset Markets

Holmén, Martin; Kirchler, Michael; Kleinlercher, Daniel - Nationalekonomiska institutionen, Handelshögskolan - 2012

-like incentives on price formation and trading behavior. We observe (i) that option-like incentives induce significantly higher market … prices than linear incentives. We further find that (ii) option-like incentives provoke subjects to behave differently and to … take more risk than subjects with linear incentives. We finally show that (iii) trading at inflated prices is rational for …

Persistent link: https://www.econbiz.de/10011019091

Does Fairness of the Outside Option Matter?

Servátka, Maroš; Vadovic, Radovan - Department of Economics and Finance, College of … - 2008

Experimental evidence suggests that the size of the foregone outside option does not affect the behavior of the opponent in a lost wallet and pie sharing games but that it matters in a mini-ultimatum game. In this paper we experimentally test a conjecture that it is the fairness property of the...

Persistent link: https://www.econbiz.de/10005111049

Unequal Outside Options in the Lost Wallet Game

Servátka, Maroš; Vadovic, Radovan - Department of Economics and Finance, College of … - 2009

Experimental evidence suggests the size of the foregone outside option of the first mover does not affect the behavior of the second mover in the lost wallet game. In this paper we experimentally compare the behavior of subjects when they face an outside option with unequal payoffs, i.e., the...

Persistent link: https://www.econbiz.de/10008577771

Household decision making and the influence of spouses’ income, education, and communist party membership: A field experiment in rural China

Carlsson, Fredrik; Martinsson, Peter; Qin, Ping; … - Nationalekonomiska institutionen, Handelshögskolan - 2009

We study household decision making in a high-stakes experiment with a random sample of households in rural China. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses’ individual risk preferences are more similar the richer the household and...

Persistent link: https://www.econbiz.de/10005771209

Group Decision Making Under Risk: An experiment with student couples

He, Haoran; Martinsson, Peter; Sutter, Matthias - Nationalekonomiska institutionen, Handelshögskolan - 2011

In an experiment, we study risk-taking of cohabitating student couples, finding that couples’ decisions are closer to risk-neutrality than single partners’ decisions. This finding is similar to earlier experiments with randomly assigned groups, corroborating external validity of earlier results.

Persistent link: https://www.econbiz.de/10009645243

Household Decision Making in Rural China: Using Experiments to Estimate the Influences of Spouses

Carlsson, Fredrik; He, Haoran; Martinsson, Peter; Qin, Ping - Nationalekonomiska institutionen, Handelshögskolan - 2010

Many economic decisions are made jointly within households. This raises the question about spouses’ relative influence on joint decisions and the determinants of relative influence. Using a controlled experiment (on inter-temporal choice), we let each spouse first make individual decisions and...

Persistent link: https://www.econbiz.de/10008490332

Strategic Sophistication of Individuals and Teams in Experimental Normal-Form Games

Sutter, Matthias; Czermak, Simon; Feri, Francesco - Nationalekonomiska institutionen, Handelshögskolan - 2010

We present an experiment on strategic thinking and behavior of individuals and teams in oneshot normal-form games. Besides making choices, decision makers have to state their firstand second-order beliefs. We find that teams play the Nash strategy significantly more often, and their choices are...

Persistent link: https://www.econbiz.de/10008543208

Intertemporal Choice Shifts in Households: Do they occur and are they good?

Carlsson, Fredrik; Yang, Xiaojun - Nationalekonomiska institutionen, Handelshögskolan - 2013

We examine whether and to what extent joint choices are more or less patient and time-consistent than individual choices in households. We use data from an artefactual field experiment where both individual and joint time preferences were elicited. We find a substantial shift from individual to...

Persistent link: https://www.econbiz.de/10010818754

Intra-household decisions making on intertemporal choices: An experimental study in rural China

Yang, Xiaojun; Carlsson, Fredrik - Nationalekonomiska institutionen, Handelshögskolan - 2012

In this paper, we conduct a high stake experiment in rural China to investigate the determinants of individual and joint decisions regarding intertemporal choices, and estimate the relative influence of spouses on the joint decisions. We use the Convex Time Budget experimental method to elicit...

Persistent link: https://www.econbiz.de/10010818755

Searching for a better deal - on the influence of group decision making, time pressure and gender in a search experiment

Ibanez, Marcela; Czermak, Simon; Sutter, Matthias - Nationalekonomiska institutionen, Handelshögskolan - 2008

We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...

Persistent link: https://www.econbiz.de/10005190948