Questions tagged [experimental-economics]

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4
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2answers
85 views

What are the correct utility functions?

It is common to talk about utility functions. For example in a universe with only two goods, we might assume each person (or group of people) carries a function $u(x,y)$ in their heads. When offered ...
6
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2answers
63 views

Does it matter if your decision might not matter?

I have read several experimental papers which ask people to make decisions which only matter with a certain probability. For example, individuals might be asked to submit bids in an auction, but told ...
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0answers
39 views

2x2 Factorial Design - Sample Allocation based on Variance Minimization

In the following I will first explain the problem and derive some solutions needed for the actual question. The actual question can be found approx. at the end of this post in bold. I have a 2x2 ...
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0answers
12 views

Random payoff generation in Otree

I am programming an experiment in python which involves the decision between two players to either enter a market or exit based on a prisoner's dilemma payoff structure. However, the payoff of each ...
1
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0answers
22 views

What experiment could I run in order to test the 'Independence of Irrelevant Alternatives' axiom?

I need some help in designing an economics experiment to test the IIA axiom. My understanding of it is if you rank A above B then if you introduce C or D, you must still always rank A above B in any ...
1
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1answer
25 views

How to obtain standard surveys / measures to use at end of experiment to “control for altruism” etc?

When running an economics experiment, how and where are experimental graduate students supposed to obtain the surveys (such as standard measures of altruism, risk aversion, social dominance...) that ...
4
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3answers
88 views

Can I recreate an experiment on Allais paradox using student grades as payoffs?

For a project in experimental economics, I thought of doing something related to expected utility theory/prospect theory, but using grades instead of money. Is this reformulation of the Allais ...
0
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1answer
44 views

Theories that complement/contradict prospect theory?

Kahneman and Tversky's prospect theory, which they developed to contradict expected utility theory, is obviously an interesting result. But, after their experiments has anyone tried to completement ...
1
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0answers
53 views

Calculate power for multiple rounds of public goods experiment

I would like to calculate/simulate the a-priori necessary sample size for a repeated public goods experiment. $N$ Participants play $R$ rounds of a public goods game (linear, voluntary contribution ...
2
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0answers
24 views

Are there any experiments about financial games with just one player?

I was wondering if there are any experiments of financial games (laboratory games under controlled circumstances like Plott and Sunder's Rational Expectations and the Aggregation of Diverse ...
4
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1answer
369 views

Ex-post vs Ex-ante Budget Balance in Auctions

Have I understood this correctly? When I say my auction mechanism is ex-post budget balanced it means that in practice (I have done market simulations) and according to the results my mechanism is ...
4
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1answer
41 views

Why can high variance help you in Heckman (1998) but not Aigner and Cain (1977)?

Heckman (1998) argues that, if the bar for acceptance is high (so most applicants are rejected), then belonging to a group who quality has high variance tends to help you. The argument is something ...
2
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1answer
55 views

Measuring Subjective Beliefs

I am starting on a research project that requires the measurement of subjective beliefs of subjects around uncertainty. Since I'm new in this field I'm looking for references that can help me get ...
2
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1answer
335 views

What is the economic incentive to cheat? How does an experiment capture exogenous deviations?

In my undergraduate career an economic experiment was conducted on my class: one class was the control two classes were the experimental (I was in an experimental class) The basic premise was a ...
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0answers
173 views

Most important but untested theories in economics? [closed]

In the opinion of the economists here, what are some of the more important theories in economics that remain untested? By untested I mean theories that, though perhaps evaluated using empirical data, ...
3
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1answer
79 views

Is sending fake resumes deception? [closed]

Economists generally frown on deception. For example, the journal Experimental Economics does not publish papers which use deception. However, I know that famous economics studies have been published ...
6
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4answers
184 views

Examples of behavioural breakdowns in game theory?

I'm trying to compile multiple scenarios of the breakdown of game theory. Specifically, I'm looking for scenarios where game theory predicts certain behaviours, but in real-world scenarios or ...
1
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1answer
132 views

RDD with multiple cutoffs

I am trying to study the effects of a policy on educational attainment of individuals (years of schooling, primary/secondary school completion, literacy). Since the policy starts in a specific year I ...
4
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2answers
809 views

What made The Wörgl Experiment successful?

Background: In 1932, in the midst of the Great Depression, the small town of Wörgl in Austria successfully experimented with its own local currency (in the form of a stamp scrip) ... They not only ...
6
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1answer
206 views

How to specify a Diff-In-Diff Regression with multiple time periods?

I'm working on analysing experimental data for a thesis project. The data consists of subjects performing the same task over five rounds, and I'm interested in the difference in trends between ...
4
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0answers
64 views

Don't let me take the last bit

I believe everyone has experienced something like the following once in her or his life : There is a cake on the table and three people to share it. The three people each eat a quarter of the cake. ...
2
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2answers
164 views

Erik Reinert's conclusions and experiments in economics

I have just read Erik Reinert's, "How Rich Countries Got Rich… and Why Poor Countries Stay Poor". Can anybody advise me some further reading on this topic? I wonder, in particular, if there were ...
2
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1answer
505 views

Flexible lab experiment in otree

I am building a lab experiment through otree, ``a Django-based framework for implementing multiplayer decision strategy games." Basics about otree's forms Here is an example of how otree gets the ...
7
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3answers
212 views

Is there a journal for replications in experimental economics?

Is there a journal that publishes replications (failed and successful) of (published) experiments? And, if not, why not? And what about failed experiments (i.e. experiments with insignificant results)?...
5
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0answers
58 views

Are charitable donations on someone's behalf generally an effective incentive?

A study done in Sweden on 153 female, would-be blood donors showed surprising results. The women were divided into three groups– voluntary donation, paid donation, and paid donation with the ...