This work addresses whether heterogeneity in player endowments influences investment decisions in common pool resource (CPR) games, shedding light on the relationship between inequality and economic decision making. We explore two theoretical avenues from behavioral economics-linear...

Economic experiments have gained popularity in Agricultural Economics. However, challenges in recruitment and acceptance of experimental methods among farmers persist. Surveying 406 Swedish farmers, we explore farmers' attitudes toward different types and features of economic experiments. Only a...

Mainstream experimental economics is characterized by its focus on theory testing and "treatment effects" on aggregate outcomes. The "agentic" alternative is concerned with the econometric specification of individual behavior. In this essay, first, a literature review of agentic experimental...

This paper experimentally examines the interplay between focal points, beliefs, and distributional preferences. Contrary to common wisdom, there is no detectable evidence that equal splits act as salient focal points in distributional voting contexts. Participants mispredict others' preferences:...

This paper experimentally examines Max Weber's thesis on the influence of religious narratives - particularly the Protestant Ethic - on attitudes toward wealth redistribution. Weber argued that the Protestant Reformation fostered the belief that economic success signals divine favour, thereby...

We review the economic literature on self-image, which conceptualizes identity as a set of beliefs about one's core traits, values, goals, and social ties. Self-image concerns lead individuals to process information and make choices in non-standard ways that help affirm and protect certain...

Multiple Price Lists (MPLs) or Choice Lists (CLs) are widely used to elicit risk and time preferences, yet are prone to cognitive biases, particularly among respondents with limited numeracy skills. This paper compares three elicitation approaches; row-by-row from the top, from the bottom, and a...

We introduce an information provision experiment into a standard dynamic rational inattention model. We derive analytical results about how the treatment effect varies with characteristics of the environment and the individual. We use these results to discuss findings in the empirical literature...

Firm performance depends critically on the efficient allocation of tasks across employees. Yet, task assignment decisions are often shaped not only by productivity considerations but also by managerial biases and gender stereotypes-frequently resulting in women being disproportionately assigned...

Qualitative self-assessments of economic preferences have recently gained popularity, often supported by experimental validation, a method that links them to choices in incentivized elicitations. We illustrate theoretically that experimental validation may fail to produce reliable new measures....

Elites disproportionately influence policymaking, yet little is known about their fairness and efficiency preferences - key determinants of support for redistributive policies. We investigate these preferences using an incentivized lab experiment with a group of future elites - Ivy League MBA...

Social stratification, segregation and inequity invite concerns about fairness and social harmony. Our game-theoretic and experimental results indicate that they can also be detrimental to productivity, efficiency, and welfare. Class is defined by players' resources, incentives to make a public...

Social stratification, segregation and inequity invite concerns about fairness and social harmony. Our game-theoretic and experimental results indicate that they can also be detrimental to productivity, efficiency, and welfare. Class is defined by players' resources, incentives to make a public...

Experimental asset markets provide a controlled approach to studying financial markets. We attempt to replicate 17 key results from four prominent studies, collecting new data from 166 markets with 1,544 participants. Only 3 of the 14 original results reported as statistically significant were...

Experimental asset markets provide a controlled approach to studying financial markets. We attempt to replicate 17 key results from four prominent studies, collecting new data from 166 markets with 1,544 participants. Only 3 of the 14 original results reported as statistically significant were...

We introduce DOSE - Dynamically Optimized Sequential Experimentation - to elicit preference parameters. DOSE starts with a model of preferences and a prior over the parameters of that model, then dynamically chooses a customized question sequence for each participant according to an...

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

There is a growing interest in collective contracts to address agri-environmental policy goals at landscape scales. Yet, little is known about farmers' general willingness to cooperate. We developed four treatments of a linear public goods game to investigate farmers' willingness to cooperate:...