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Economic Science Association Asia Conference 2014. February 19, 2014 – February 22, 2014
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Experimental Methods in Policy Conference. 15 – 19 февраля 2014
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Steffen Altmann, Armin Falk, Matthias Wibral. Promotions and Incentives: The Case of Multistage Elimination Tournaments

Promotions play an important role for the provision of incentives in firms. We analyze incentives in multistage elimination tournaments with controlled laboratory experiments. In our two main treatments, we compare a two-stage tournament to a one-stage tournament. Subjects in the two-stage treatment provide excess effort in the first stage, both with respect to Nash predictions and compared to the strategically equivalent one-stage tournament. Additional control treatments confirm that excess effort in early stages is a robust finding and suggest that above-equilibrium effort might be driven by li ...

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Christoph Winter

Ph.D. in Economics, European University Institute, Florence, Italy. He holds a Post-Doc position at the Department of Economics of University of Zurich. The focus of his research is household economic...

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Olivier Ledoit, Michael Wolf. Optimal Estimation of a Large-Dimensional Covariance Matrix under Stein’s Loss.

This paper revisits the methodology of Stein (1975, 1986) for estimating a covariance matrix in the setting where the number of variables can be of the same magnitude as the sample size. Stein propose...

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Kevin E Staub, Rainer Winkelmann. Consistent estimation of zero-inflated count models

The so-called problem of “excess zeros” plagues a majority of count data applications in health economics and other social sciences: The proportion of observations with zero counts in the sample is ...

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Dennis A. V. Dittrich, Martin G. Kocher. Monitoring and Pay: An Experiment on Employee Performance under Endogenous Supervision

We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous variable. Wage level, monitoring intensity and consequently the desired enforceable...

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Carmit Segal. Working When No One Is Watching: Motivation, Test Scores, and Economic Success.

This paper provides evidence that scores on simple, low-stakes tests are associated with future economic success because the scores also reflect test-takers’ personality traits associated with their le...

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Hannah Schildberg-Horisch. Instructions to "Is the veil of ignorance only a concept about risk? An experiment.

The instructions were originally in German. Below we present the translated instructions of the veil of ignorance treatment. The instructions of the dictator game and the risk treatment are structured...

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Geoffrey M. Hodgson. The ubiquity of habits and rules

Under what circumstances is it necessary or convenient for an agent to rely on habits or rules? This paper focuses on the types of decision situation giving rise to their use. Even optimisation requ...

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Institute for New Economic Thinking