Articles

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 and phrased in the same way with just one exception: to explain the risk treatment in the most natural and easiest possible way the instructions did not mention the state of being participant A (dictator) or B (receiver), but described the two possible states by throwing a dice and getting either a...

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Johannes Abeler, Steffen Altmann, Sebastian J. Goerg, Sebastian Kube, Matthias Wibral. Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics.

In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such work environments: individual pay-for-performance schemes maximize efficiency but might lead to inequitable outcomes. We present findings from laboratory experiments that show under which circumstances p...

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Armin Falk, Florian Zimmermann. A Taste for Consistency and Survey Response Behavior.

This paper studies how a taste for consistency a ects decision making. Our application is response behavior in surveys. In particular, we show that the inclusion of questions can a ect answers to subsequent related questions. The reason is that participants want to respond in a consistent way. Studying three di erent surveys, we nd a systematic e ect of the inclusion of additional questions. The e ects are large and reveal how easy survey responses can be manipulated. For example, we nd that a...

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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 self-selected students as participants. This is potentially problematic as students participating in experiments may behave systematically di erent than non-participating students or non-students. In this paper we empirically investigate whether laboratory experiments with student samples misrepres...

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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 level of intrinsic motivation. To establish this, I use the coding speed test that was administered without incentives to participants in the National Longitudinal Survey of Youth (NLSY). I show that controlling for cognitive ability, the coding speed scores are correlated with future earnings of male...

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Steffen Altmann, Thomas Dohmen, Matthias Wibral. Do the reciprocal trust less?

By now there seems to be broad agreement that trust and reciprocity are conducive to economic performance and efficiency (e.g., Knack and Keefer, 1997). Mutual trust between trading parties facilitates the realization of gains from trade, for instance by reducing contracting costs. Reciprocity can also enhance performance in many areas of economic life, for example by mitigating moral hazard problems (Fehr et al.,1997). In order to better understand the economic implications of reciprocity, seve...

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