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Risk Attitudes, Randomization to Treatment, and Self-Selection into Experiments

Harrison, Glenn W.; Igel Lau, Morten; Rutström, Eva … - 2005

human subjects often volunteer for experiments, or are allowed to drop out of the experiment at any time if they want to, it … is possible that the sample observed in an experiment might be biased because of the risk of randomization. On the other … opposite direction, encouraging more risk averse samples into experiments. We undertake a field experiment to directly test …

Persistent link: https://www.econbiz.de/10014028150

Estimating Risk Attitudes in Denmark : A Field Experiment

Harrison, Glenn W.; Igel Lau, Morten; Rutström, Eva … - 2005

We estimate individual risk attitudes using controlled experiments in the field in Denmark. These risk preferences are elicited by means of field experiments involving real monetary rewards. The experiments were carried out across Denmark using a representative sample of 253 people between 19...

Persistent link: https://www.econbiz.de/10014028151

Who is 'Behavioral'? Cognitive Ability and Anomalous Preferences

Benjamin, Daniel J.; Brown, Sebastian A.; Shapiro, Jesse M. - 2008

laboratory experiment shows that reducing cognitive resources using a cognitive load manipulation tends to exacerbate small …

Persistent link: https://www.econbiz.de/10014028270

Breakdown of Cooperation in Iterative Real-Time Trust Dilemmas

Murphy, Ryan O.; Rapoport, Amnon; Parco, James E. - 2008

We study a class of trust dilemmas with symmetric players that evolve in real-time. In these games, as long as all the n players continue to cooperate, the payoff function increases exponentially over time. Simultaneously, however, the temptation to defect also increases at the same rate. The...

Persistent link: https://www.econbiz.de/10014028805

Status and Distrust : The Relevance of Inequality and Betrayal Aversion

Hong, Kessely; Bohnet, Iris - 2005

Trust is related to people's willingness to accept vulnerability, composed of their willingness to accept the risk of being worse off than if they had never trusted, the risk of being worse off than the trusted party, and the risk of being betrayed by the trusted party. We examine how people's...

Persistent link: https://www.econbiz.de/10014028849

Does Pay Inequality Affect Worker Effort? Experimental Evidence

Charness, Gary; Kuhn, Peter Joseph - 2007

We study worker behavior in an efficiency-wage environment where co-workers' wages can influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages. Our laboratory experiments, on the...

Persistent link: https://www.econbiz.de/10014029508

Forward Induction and Entry Deterrence : An Experiment

Brandts, Jordi; Cabrales, Antonio; Charness, Gary - 2006

conduct an experiment with games inspired by these models. In the Dixit-style game, the incumbent monopolizes the market most …

Persistent link: https://www.econbiz.de/10014029630

The Dirt on Coming Clean : Perverse Effects of Disclosing Conflicts of Interest

Cain, Daylian M.; Loewenstein, George; Moore, Don A. - 2009

Conflicts of interest can lead experts to give biased and corrupt advice. Although disclosure is often proposed as a potential solution to these problems, we show that it can have perverse effects. First, people generally do not discount advice from biased advisors as much as they should, even...

Persistent link: https://www.econbiz.de/10014029654

Experiment on Entrepreneurial Discovery : An Attempt to Demonstrate the Conjecture of Hayek and Kirzner

Demmert, Henry; Klein, Daniel B. - 2009

hoped to demonstrate the conjecture in an outdoor experiment. We asked subjects to transfer water from one bucket to another …

Persistent link: https://www.econbiz.de/10014029700

Increasing Autonomy in Charitable Giving : The Effect of Choosing the Number of Recipients on Donations

Fehérová, Martina; Heger, Stephanie; Péliová, Jana; … - 2022

In many contexts people can choose how many charities to help. This paper presents results from a laboratory experiment …

Persistent link: https://www.econbiz.de/10014030512