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Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...
Persistent link: https://www.econbiz.de/10010319582
We measure the other-regarding behavior in samples from three related populations in the upper Midwest of the United States: college students, non-student adults from the community surrounding the college, and adult trainee truckers in a residential training program. The first two groups were...
Persistent link: https://www.econbiz.de/10010277477
We measure the other-regarding behavior in samples from three related populations in the upper Midwest of the United States: college students, non-student adults from the community surrounding the college, and adult trainee truckers in a residential training program. The use of typical...
Persistent link: https://www.econbiz.de/10010392416
Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential subjects into the subject pool. We alter the...
Persistent link: https://www.econbiz.de/10010392417
respect to non-student adult subjects. We also test (and reject) the more specific hypothesis that approval-seeking subjects …
Persistent link: https://www.econbiz.de/10010278608
In experimental economics there exists a lively debate about the independence of observations. Although opinions on the issue differ widely, all concerns regard the independence of subjects' behavior within one session or experiment. This paper attempts to shed some light on the independence of...
Persistent link: https://www.econbiz.de/10010267107
allows an experimenter to test more than the Axiom of EUOL (that the DM evaluates objective lotteries with an expected … utility function). In fact there is no (common) experimental design that allows an experimenter to test more than EUOL. For …
Persistent link: https://www.econbiz.de/10010319975
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N = 3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013353432
the form of a standard laboratory stress-induction procedure: the Trier Social Stress Test for Groups. Risk preferences …
Persistent link: https://www.econbiz.de/10010420222
We introduce DOSE⸻Dynamically Optimized Sequential Experimentation⸻to elicit preference parameters. DOSE starts with a model of preferences and a prior over the parameters of that model, then dynamically chooses a customized question sequence for each participant according to an...
Persistent link: https://www.econbiz.de/10015096887