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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior

Balafoutas, Loukas; Davis, Brent J.; Sutter, Matthias - 2017

winners). We compare these two conditions with a control treatment with a known number of winners. We find that ambiguity … willingness to enter competition with uncertainty and ambiguity, but men react slightly more than women. Overall, both effects … contribute to men winning the tournament significantly more often than women under uncertainty and ambiguity. Hence, previous …

Persistent link: https://www.econbiz.de/10011869140

Thar she bursts - Reducing confusion reduces bubbles

Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2011

To explore why bubbles frequently emerge in the experimental asset market model of Smith, Suchanek and Williams (1988), we vary the fundamental value process (constant or declining) and the cash-to-asset value-ratio (constant or increasing). We observe high mispricing in treatments with a...

Persistent link: https://www.econbiz.de/10010294824

Revealed distributional preferences: Individuals vs. teams

Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - 2013

We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...

Persistent link: https://www.econbiz.de/10010397144

Impatience and uncertainty: Experimental decisions predict adolescents' field behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

Persistent link: https://www.econbiz.de/10010294843

On the role of monetary incentives in risk preference elicitation experiments

Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2020

Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...

Persistent link: https://www.econbiz.de/10012609038

How social preferences shape incentives in (experimental) markets for credence goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10011382731

Resource scarcity, spite and cooperation

Prediger, Sebastian; Vollan, Björn; Herrmann, Benedikt - 2013

Using an experimental approach, this paper examines how scarcity of natural resources affects people's readiness to cooperate and to engage in antisocial behaviour. The experiments were carried out with pastoralists from southern Namibia whose livelihoods are highly dependent on grazing...

Persistent link: https://www.econbiz.de/10010397170

Decision time and steps of reasoning in a competitive market entry game

Lindner, Florian - 2013

Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...

Persistent link: https://www.econbiz.de/10010397176

The effect of random shocks on reciprocal behavior in dynamic principal-agent settings

Kerschbamer, Rudolf; Oexl, Regine - 2021

Previous work has shown that unobservable random shocks on output have a detrimental effect on effort provision in short-term ('static') employment relationships. Given the prevalence of long-term ('dynamic') relationships in firms, we investigate whether the impact of shocks is similarly...

Persistent link: https://www.econbiz.de/10012873010

Coordination games played by children and teenagers: On the influence of age, group size and incentives

Glätzle-Rützler, Daniela; Sutter, Matthias; Zoller, … - 2024

Efficient coordination is a major source of efficiency gains. We study in an experimental coordination game with 718 children and teenagers, aged 9 to 18 years, the strategies played in pre-adulthood. We find no robust age effects in the aggregate, but see that smaller group sizes and larger...

Persistent link: https://www.econbiz.de/10015165506