Titlebook: Developments on Experimental Economics; New Approaches to So Sobei Hidenori Oda Book 2007 Springer-Verlag Berlin Heidelberg 2007 Experiment

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Regina A. Carroll,Tiffany Kodakutcomes (e.g., the situations addressed by Kahneman & Tversky [19]), but to underweight low probability events when they rely on personal experience (e.g., Barron & Erev [3]). The current chapter summarizes two lines of research designed to evaluate the implications of this pattern. The first line i

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Evidence-Based Models of Treatmentalternative components of preferences such as unconditional altruism, positive reciprocity, trust (in positive reciprocity), negative reciprocity, and fear (of negative reciprocity). The paper describes experimental data on effects of social distance and decision context on reciprocal behavior and m

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Carol M. Trivette,Catherine P. Corr efficiency and equity in the distribution of goods and services..First of all, there is a criticism from experimentalists. In the verification of various mechanisms using human subjects in laboratories, these designed mechanisms do not necessarily function as prescribed. This fact itself is a criti

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Matthew R. Sanders,Alina Morawskamporal substitution 1/.. This has been suspected as a source of poor performance of the standard stochastic consumption model and the risk-premium puzzle in asset pricing .. More generally, the problematic feature of expected utility applied to intertemporal settings is that its treatment of ‘gambli

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https://doi.org/10.1007/978-3-319-94598-9 chosen as a result of Bayesian updating in a sequential decision-making problem. Anderson and Holt [1] confirmed that informational cascades certainly occur in the laboratory as Bikhchandani et al. [2] suggests. However, other experimental studies including ?elen and Kariv [3], Huck and Oechssler [

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Vanessa E. Cobham,Elizabeth A. Newnhamat an individual is ready to pay to keep his utility as it was before a change; the other is the equivalent variation (EV), which is the amount of money the individual is ready to accept for the change. For welfare gains, CV and EV are known as willingness to pay (to attain the gain, WTP) and willin