We report results from an incentivized laboratory experiment to provide controlled evidence on the causal effects of alcohol consumption on risk preferences, time perception and altruism. Our design allows disentangling the pharmacological effects of alcohol intoxication from those mediated by...

Concerns are looming that the healthcare systems in low- and middle-income countries (LMICs) are mostly unprepared to combat COVID-19 because of limited resources. The problems in LMICs are exacerbated by the fact that citizens in these countries generally exhibit low trust in the healthcare...

This paper studies contributions and punishments in a linear public good game, where group members have different sources of endowment. We compare the behavior of homogeneous groups, in which subjects are exogenously assigned the same endowments, with that of heterogeneous groups, in which half...

Using data from the German Socio-Economic Panel (N = 13,145), we investigate the effects of (not) achieving aspirations on subjective well-being. We match individual-level data about life satisfaction aspirations with their subsequent realizations and we jointly estimate two panel-data...

This paper presents an experimental investigation of persuasion bias, a form of bounded rationality whereby agents communicating through a social network are unable to account for possible repetitions in the information they receive. The results indicate that network structure plays a...