Using three subsamples of subjects that differ in their level of formal education and knowledge in economics, this experimental study of intertemporal discount rates finds that subjective discount rates decrease with the time delay and monetary sum, and are higher for postpone-a-receipt than for...

This study employs multiple measures of schema acquisition and analyzes subjects' problem-solving error patterns in order to investigate schema acquisition by decision aid users. Results of both the error analysis and multiple schema acquisition measures indicate that: (1) problems of ordered...

The authors review current developments in experimental design for conjoint analysis and discrete choice models emphasizing the issue of design efficiency. Drawing on recently developed optimal paired comparison designs, theoretical as well as empirical evidence is provided that established...

In private values settings, the Wickrey-Clarke-Groves (VCG) mechanism leads to efficient auction outcomes, while the theoretical properties of the Simultaneous Ascending (SA) auction are not well understood. This leads us to compare the properties of an SA and a VCG auction in an experimental...

This study investigates professional tax preparers' willingness to include questionable client-provided data in a tax return without verifying the information. Although a recent survey of tax practitioners by Yetmar et al. (1998) found that the issue of reliance on client data is a significant...

This chapter compares four methods of rationing an input that is subject to supply capacity shocks. We describe the application of the mechanisms in terms of electricity. The mechanisms we test are random interruption, priority service, proportional service%all option and proportional...

Subjects in the role of multiproduct monopolists are observed in markets where demand is initially unknown. In each market period, the seller must choose between selling each good individually or selling a bundle containing one unit of each good. The fact that individual and collective...