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AWI Experimental Economics (Heidelberg University - Alfred-Weber-Institute for Economics)
Experimental and behavioral economics at the Department of Economics, University of Heidelberg.

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1 to 10 of 68 Results
Oct 28, 2020
Oechssler, Jörg; Roomets, Alex, 2020, "Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks [Dataset]",, heiDATA, V1, UNF:6:znXzfO0UeSWMUd6rxjZvVw== [fileUNF]
The Savage and the Anscombe–Aumann frameworks are the two most popular approaches used when modeling ambiguity. The former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place bets on the joint outcome of an ambiguo...
Sep 14, 2020
Apesteguia, Jose; Oechssler, Jörg; Weidenholzer, Simon, 2020, "Copy Trading [Dataset]",, heiDATA, V1, UNF:6:GrGXrQgTcdgZl5admIPidA== [fileUNF]
Copy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper st...
Jun 9, 2020
Schmidt, Robert; Schwieren, Christiane; Vollmann, Martin, 2020, "The Value of Verbal Feedback in Allocation Decisions [Online Appendix and Replication Package]",, heiDATA, V1, UNF:6:RqKCP9A+dpAnUs1M3/27cA== [fileUNF]
Depending on the context at hand, people’s preference for receiving feedback might differ. Especially in allocation decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We study such preferences in a laboratory...
Apr 16, 2020
Kops, Christopher; Pasichnichenko, Illia, 2020, "A Test of Information Aversion",, heiDATA, V1, UNF:6:GkvwqL6qHXH4RRvkp1xJWA== [fileUNF]
The standard Bayesian model implies that information can never have a negative value. We put this implication to the proof. Our paper provides the first test of the value (positive or negative) of information under uncertainty. We show that the ``Bayesian implication'' stands in...
Feb 21, 2020
Klonner, Stefan, 2020, "Equality of the Sexes and Gender Differences in Competition: Evidence from Three Traditional Societies [Supplementary Materials]",, heiDATA, V1
Can gender-balanced social norms mitigate the gender differences in competitiveness that are observed in traditional patriarchic as well as in modern societies? We experimentally assess men's and women's preferences to compete in a traditional society where women and men have sim...
Nov 4, 2019
Schmidt, Robert, 2019, "Capitalizing on the (False) Consensus Effect: Two Tractable Methods to Elicit Private Information [Dataset]",, heiDATA, V1, UNF:6:NNk+dDpsSu2ZXVMSVkJtQQ== [fileUNF]
We propose and experimentally test two tractable methods to incentivize the elicitation of private information: Benchmark and Coordination. Both mechanisms capitalize on the false consensus effect, a well-documented phenomenon that follows Bayesian reasoning. That is, individuals...
Nov 4, 2019
Schmidt, Robert, 2019, "Do Injunctive or Descriptive Social Norms Elicited Using Coordination Games Better Explain Social Preferences? [Dataset]",, heiDATA, V1, UNF:6:naic0kj9nUrUokAIwMt12A== [fileUNF]
We experimentally study the relationship between social norms and social preferences on the individual level. Subjects coordinate on injunctive and descriptive norms, and we test which type of norm is more strongly related to behavior in a series of dictator games. Our experiment...
Nov 4, 2019
Schmidt, Robert, 2019, "Point Beauty Contest: Measuring the Distribution of Focal Points on the Individual Level [Dataset]",, heiDATA, V1, UNF:6:XeJX5PG6nEvxhO8ACToIDQ== [fileUNF]
We propose the Point Beauty Contest, a mechanism to identify the distribution of focal points on the individual level. By contrast to conventional coordination, subjects coordinate by the distribution of points. This allows for nuanced coordination strategies, as subjects can inv...
Sep 30, 2019
Schmidt, Robert, 2019, "Norms in the Lab: Inexperienced versus Experienced Participants",, heiDATA, V2, UNF:6:4c/ba9USuo/U6JX/7Gh1Mw== [fileUNF]
Using coordination games, we study whether social norm perception differs between inexperienced and experienced participants in economic laboratory experiments. We find substantial differences between the two groups, both regarding injunctive and descriptive social norms in the c...
Sep 9, 2019
Nikiforakis, Nikos; Oechssler, Jörg; Shah, Anvar, 2019, "Managerial bonuses and subordinate mistreatment [Dataset]",, heiDATA, V1, UNF:6:rgdksaMzfE0dDvw+toLLbg== [fileUNF]
Can performance bonuses increase the likelihood that managers coerce their subordinates into exerting high levels of effort when doing so promotes neither efficiency nor equity? We consider a laboratory setting in which managers compete to obtain a large bonus at the end of the e...
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