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Individual discount rates : a meta-analysis of experimental evidence

Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - 2019

consistent with hyperbolic discounting. Discount rates are similar for money and health questions, but people tend to be less … continents. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment …

Persistent link: https://www.econbiz.de/10012126703

Individual discount rates : a meta-analysis of the experimental evidence

Matousek, Jindrich - 2018

substantially across studies with reported mean at the value of 0.4. We detect presence of selective reporting in the discounting … literature using a meta-analytical methods. Our results suggest that relevant discounting literature overestimates the discount … effect of time horizon presented within the discounting task. Our results support the external validity of experiments …

Persistent link: https://www.econbiz.de/10011949719

Individual discount rates : a meta-analysis of experimental evidence

Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - 2021

Persistent link: https://www.econbiz.de/10012417660

Individual discount rates : a meta-analysis of experimental evidence

Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - In: Experimental economics : a journal of the Economic … 25 (2022) 1, pp. 318-358

Persistent link: https://www.econbiz.de/10012817414

A meta-analysis of the Frisch extensive margin elasticity

Elminejad, Ali; Havránek, Tomáš; Horváth, Roman - 2020

A key parameter in structural models is the Frisch elasticity of labor supply at the extensive margin, but empirical estimates vary greatly. We provide a quantitative synthesis of the literature. To this end, we collect 723 estimates from 36 studies along with 22 explanatory variables reflecting...

Persistent link: https://www.econbiz.de/10012289655

People are less risk-averse than economists think

Elminejad, Ali; Havránek, Tomáš; Havránková, Zuzana - 2022

We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger than estimates thereof. Moreover, reported estimates are...

Persistent link: https://www.econbiz.de/10013270908

Can Prosocial Incentives and Self-chosen Goals Improve Performance? An Online Real Effort Experiment

Cao, Yu; Capra, C. Monica; Su, Yuxin - 2023

experiment with MTurk workers. Upon achieving self-chosen goals, rewards are paid to the worker in the monetary treatments or to …

Persistent link: https://www.econbiz.de/10014343730

Bayesian D-optimal choice designs for mixtures

Ruseckaite, Aiste; Goos, Peter; Fok, Dennis - 2014

Consumer products and services can often be described as mixtures of ingredients. Examples are the mixture of ingredients in a cocktail and the mixture of different components of waiting time (e.g., in-vehicle and out-of-vehicle travel time) in a transportation setting. Choice experiments may...

Persistent link: https://www.econbiz.de/10010350005

Priming attitudes towards immigrants : implications for migration research and survey design

Dylong, Patrick; Setzepfand, Paul; Übelmesser, Silke - 2023

Using data from two representative and large-scale population surveys with more than 4000 participants, we investigate the effect of randomized priming interventions on attitudes towards immigrants. We document robust null effects of these interventions under two experimental settings, across...

Persistent link: https://www.econbiz.de/10014228276

Homo-silicus : not (yet) a good imitator of homo sapiens or homo economicus

Polachek, Solomon W.; Romano, Kenneth; Tonguc, Ozlem - 2024

Do large language models (LLMs) - such as ChatGPT 3.5, ChatGPT 4.0, and Google's Gemini 1.0 Pro - simulate human behavior in the context of the Prisoner's Dilemma (PD) game with varying stake sizes? This paper investigates this question, examining how LLMs navigate scenarios where...

Persistent link: https://www.econbiz.de/10015157997