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Gender and Redistribution: Experimental Evidence
Buser, Thomas; Putterman, Louis; van der Weele, Joël - 2016
Gender differences in voting patterns and political attitudes towards redistribution are well-documented. The experimental gender literature suggests several plausible behavioral explanations behind these differences, relating to gender differences in confidence concerning future relative income...
Persistent link: https://www.econbiz.de/10011526140
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What can the Big Five Personality Factors contribute to explain Small-Scale Economic Behavior?
Muller, Julia; Schwieren, Christiane - 2012
predicting behavior in the trust or investment game. We can also use the trust game to understand how personality measures fare …Growing interest in using personality variables in economic research leads to the question whether personality as … measured by psychology is useful to predict economic behavior. Is it reasonable to expect values on personality scales to be …
Persistent link: https://www.econbiz.de/10010326411
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The Endowment Effect in Games
Drouvelis, Michalis; Sonnemans, Joep - 2015
We study experimentally whether the endowment effect survives in a social and strategic context. Participants are asked for their Willingness-to-Accept (WTA) or Willingness-to-Pay (WTP) to play a series of 2x2 games. In the second part of the experiment, we study the endowment effect in...
Persistent link: https://www.econbiz.de/10011403577
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Dynamic Choice, Independence and Emotions
Hopfensitz, Astrid; van Winden, Frans - 2006
From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is chosen. In this experimental study, participants have to...
Persistent link: https://www.econbiz.de/10010325272
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Performance Measurement, Expectancy and Agency Theory: An Experimental Study
Sloof, Randolph; van Praag, Mirjam - 2007
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...
Persistent link: https://www.econbiz.de/10010325571
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Errors in Judicial Decisions
Sonnemans, Joep; van Dijk, Frans - 2008
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...
Persistent link: https://www.econbiz.de/10010325809
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Investment, Resolution of Risk, and the Role of Affect
van Winden, Frans; Krawczyk, Michal; Hopfensitz, Astrid - 2008
This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to take risks, with a special focus on the role of affect. While the importanceof anticipatory emotions has so far been only inferred from decisions regarding hypothetical...
Persistent link: https://www.econbiz.de/10010325960
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Separating Real Incentives and Accountability
Vieider, Ferdinand M. - 2008
In experimental investigations of the effect of real incentives, accountability—the implicit or explicit expectation of a decision maker that she may have to justify her decisions in front of somebody else—is often confounded with the incentives themselves. This confounding of accountability...
Persistent link: https://www.econbiz.de/10010326033
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A Dynamic Model of Investor Decision-Making: How Adaptation to Losses affects Future Selling Decisions
Lee, Carmen; Kraeussl, Roman; Lucas, André; Paas, … - 2008
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors adapt to losses, their neutral reference point shifts...
Persistent link: https://www.econbiz.de/10010326067
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Information at a Cost: A Lab Experiment
Robalo, Pedro; Sayag, Rei S. - 2012
The supposed irrelevance of historical costs for rational decision making has been the subject of much interest in the economic literature. In this paper we explore whether individual decision making under risk is affected by the cost of the supplied information. Outside of the lab, it is...
Persistent link: https://www.econbiz.de/10010326404