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Rydval, Ondrej; Ortmann, Andreas; Prokosheva, Sasha; … - Center for Economic Research and Graduate Education and … - 2009

We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery’s worse outcome. While the authors implemented a verbal...

Persistent link: https://www.econbiz.de/10008528422

Capital and Labor Effects in a Recall Task: More Evidence in Support of Camerer and Hogarth (1999)

Rydval, Ondrej - Center for Economic Research and Graduate Education and … - 2005

capital-labor-production framework and for compensation practices in experiments as well as work settings. …

Persistent link: https://www.econbiz.de/10005086608

Valuing a Risky Prospect Less than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?

Ortmann, Andreas; Prokosheva, Sasha; Rydval, Ondrej; … - Center for Economic Research and Graduate Education and … - 2007

Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries’ worst outcomes. We show how to undo this result.

Persistent link: https://www.econbiz.de/10005086624

Effects of Parental Background on Other-regarding Preferences in Children

Bauer, MIchal; Chytilova, Julie; Pertold-Gebicka, Barbara - Center for Economic Research and Graduate Education and … - 2011

Other-regarding preferences are central for the ability to solve collective action problems and thus for society’s welfare. We study how the formation of other-regarding preferences during childhood is related to parental background. Using binary-choice dictator games to classify subjects into...

Persistent link: https://www.econbiz.de/10009371038

Efficiency and Punishment in a Coordination Game: Voluntary Sanctions in the Minimum Effort Game

Lec, Fabrice Le; Rydval, Ondrej; Matthey, Astrid - Center for Economic Research and Graduate Education and … - 2014

Using a laboratory experiment, we examine whether voluntary monetary sanctions induce subjects to coordinate more efficiently in a repeated minimum effort coordination game. While most groups first experience inefficient coordination in a baseline treatment, the efficiency increases...

Persistent link: https://www.econbiz.de/10011144096

Consumer Reactions To Unobserved Changes in Price Schedules

Katuscak, Peter - Center for Economic Research and Graduate Education and … - 2011

information at a cost, or otherwise just update their beliefs based on the observation of the total cost of purchase. We find the … for revealed mean beliefs about the per-unit price held by subjects who appear to understand the experiment and/or report … information decreases with the cost of information, as expected; (3) controlling for Bayesian beliefs and cost of information, the …

Persistent link: https://www.econbiz.de/10008862260

The Causal Effect of Cognitive Abilities on Economic Behavior: Evidence from a Forecasting Task with Varying Cognitive Load

Rydval, Ondrej - Center for Economic Research and Graduate Education and … - 2012

We identify the causal effect of cognitive abilities on economic behavior in an experimental setting. Using a forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance, while also accounting for the effect of other...

Persistent link: https://www.econbiz.de/10010842911

Are the Unskilled Really That Unaware? Understanding Seemingly Biased Self-Assessments

Krajc, Marian - Center for Economic Research and Graduate Education and … - 2008

on this problem – experimentally as well as theoretically. In this paper, we report on the results of three experiments … provided. In our experiments, it is the unskilled who improve their calibration the most. …

Persistent link: https://www.econbiz.de/10005357525

How financial incentives and cognitive abilities affect task performance in laboratory settings: An illustration

Rydval, Ondrej; Ortmann, Andreas - Center for Economic Research and Graduate Education and … - 2004

for their performance as do financial incentives they face. Theorists should thus pay more attention to the ability aspect …

Persistent link: https://www.econbiz.de/10005357527

Why Can’t a Woman Bid More Like a Man?

Chen, Yan; Katuscak, Peter; Ozdenoren, Emre - Center for Economic Research and Graduate Education and … - 2005

We find robust gender differences in bidding behavior in sealed bid auctions with independent and private valuations in a laboratory setting. In particular, we find that women bid significantly higher and earn significantly less than men do in the first-price auction, while we find no evidence...

Persistent link: https://www.econbiz.de/10005178142