Asian-Pacific ESA Conference, Taipei, 16-18 February, 2017

The 3rd International Academic Conference on Social Sciences and Management. 24-26 May, 2017. Bangkok

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 ...


Thorsten Kahnt

About himself: the ultimate goal of my research is to understand the neural processes that determine how individuals make decisions and how the consequences of their decisions affect future choices. T...

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Armin Falk, Stephan Meier, and Christian Zehnder. Do Lab Experiments Misrepresent Social Preferences? The case of self-selected student samples.

Social preference research has received considerable attention among economists in recent years. However, the empirical foundation of social preferences is largely based on laboratory experiments with...


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 ...


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...


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...


Michael Wolf, Dan Wunderli. Bootstrap Joint Prediction Regions

Many statistical applications require the forecast of a random variable of interest over several periods into the future. The sequence of individual forecasts, one period at a time, is called a path...


Ernst Fehr, Antonio Rangel. Neuroeconomic Foundations of Economic Choice — Recent Advances

The brain controls human behavior. Economic choice is no exception. e brain controls human behavior. Economic choice is no exception. Recent studies have shown that experimentally induced variation in...



Association for Evolutionary Economics