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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - 2012

We study experimentally the protection of property in five widely distinct countries-Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly different...

Persistent link: https://www.econbiz.de/10010312222

Beliefs and truth-telling: A laboratory experiment

Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - 2012

' first- and second-order beliefs on truth-telling. While senders are more likely to lie if they expect the receiver to trust … believe the receiver expects them to tell the truth. We observe no such dependence on second-order beliefs in a payoff … equivalent game of matching pennies. Our results therefore indicate an impact of second-order beliefs as derived in models of …

Persistent link: https://www.econbiz.de/10010312234

No myopic loss aversion in adolescents? An experimental note

Glätzle-Rützler, Daniela; Sutter, Matthias; Zeileis, Achim - 2013

Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and...

Persistent link: https://www.econbiz.de/10010312240

Distributional Preferences and Competitive Behavior

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2011

We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...

Persistent link: https://www.econbiz.de/10010294780

Gender, competition and the efficiency of policy interventions

Balafoutas, Loukas; Sutter, Matthias - 2010

Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...

Persistent link: https://www.econbiz.de/10010294806

The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence

Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011

We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...

Persistent link: https://www.econbiz.de/10010294807

Gender differences in competition emerge early in life

Sutter, Matthias; Rützler, Daniela - 2010

We study gender differences in the willingness to compete in a large-scale experiment with 1,035 children and teenagers, aged three to eighteen years. Using an easy math task for children older than eight years and a running task for the younger ones we find that boys are much more likely to...

Persistent link: https://www.econbiz.de/10010294818

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

Experimental games on networks: Underpinnings of behavior and equilibrium selection

Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - 2014

In this paper, we describe a series of laboratory experiments that implement specific examples of a more general …

Persistent link: https://www.econbiz.de/10010397168