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Conflicting Tasks and Moral Hazard: Theory and Experimental Evidence

Hoppe, Eva Isabel; Kusterer, David J. - Cologne Graduate School in Management, Economics and … - 2010

We study a multi-task principal-agent problem in which tasks can be in direct conflict with each other. In theory, it is difficult to induce a single agent to exert efforts in two conflicting tasks, because effort in one task decreases the success probability of the other task. We have conducted...

Persistent link: https://www.econbiz.de/10008739722

On the Co-evolution of Retribution and Trustworthiness:An (Indirect) Evolutionary and Experimental Analysis

Güth, Werner; Kliemt, Hartmut; Levati, M. Vittoria; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

Standard economic explanations of good conduct in trade rely almostexclusively on future-directed extrinsic motivations induced by materialincentives. But intrinsic motives to behave trustworthy and to punishuntrustworthiness do support trade. In our model, intrinsically motivatedplayers are...

Persistent link: https://www.econbiz.de/10005866698

Framing Effects, Selective Information andMarket Behavior An Experimental Analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

The results of an asset market experiment, in which 64 subjects trade two assets oneight markets in a computerized continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and negativelyframed information leads to a particular...

Persistent link: https://www.econbiz.de/10005866816

The Virtual Laboratory Infrastructure for Online Economic Experiments

Greiner, Ben; Jacobsen, Hans-Arno; Schmidt, Carsten - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

experiments. We summarize our experience gainedfrom performing several economic experiments on the Internet. The experimentswe … an infrastructure that allows the automated execution of Internet experimentsincluding marketing of experiments, control … providing a generic interface for third parties to register and run experiments.We have prototyped the components of this …

Persistent link: https://www.econbiz.de/10005867014

Hindsight Bias and Individual RiskAttitude within the Context ofExperimental Asset Markets

El-Sehity, Tarek; Haumer, Hans; Helmenstein, Christian; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

This paper investigates (i) the robustness of hindsight bias in experimental assetmarkets, (ii) the time invariance of the different experimental risk elicitationmethods of certainty equivalents and binary lottery choices, and (iii) their correspondence.The results of our within-subjects...

Persistent link: https://www.econbiz.de/10005867042

Information Dissemination on Asset Markets withEndogenous and Exogenous Information:An Experimental Approacha

Dittrich, Dennis; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

In this paper we study information revelation on asset markets with endogenousand exogenous information. Our results indicate that superior informationcan only be exploited in the beginning of trading. Information disseminateson the market and informational advantages are counter-balancedover...

Persistent link: https://www.econbiz.de/10005867106

How Does Unethical Behavior Spread? Gender Matters!

Böhm, Kim L.; Goerg, Sebastian J.; … - 2023

Using an online experiment with two distinct dishonesty games, we analyze how dishonesty in men and women is influenced by either thinking or learning about the dishonesty of others in a related, but different situation. Thinking is induced by eliciting a belief about others' dishonesty in a...

Persistent link: https://www.econbiz.de/10014290224

Pay-As-They-Get-In: Attitudes Towards Migrants and Pension Systems

Boeri, Tito; Gamalerio, Matteo; Morelli, Massimo; … - 2023

in the hosting country affects natives' attitudes towards immigration. In two online experiments in Italy and Spain, we …

Persistent link: https://www.econbiz.de/10014296733

The Gender Reference Point Gap

Kettlewell, Nathan; Levy, Jonathan; Tymula, Agnieszka; … - 2023

Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...

Persistent link: https://www.econbiz.de/10014296882

Motivated reasoning, information avoidance, and default bias

Momsen, Katharina; Schneider, Sebastian O. - 2022

We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation options worth $100, we vary the availability of...

Persistent link: https://www.econbiz.de/10014319987