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Nov 22, 2022 - AWI Experimental Economics
Becker, Christoph K.; Trautmann, Stefan T., 2022, "Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries [Dataset]", https://doi.org/10.11588/data/CVMANS, heiDATA, V1
Several studies indicate that happiness follows a U-shape over the life cycle: Happiness decreases after the teenage years until reaching its nadir in middle age. A similar number of studies views the U-shape critically, stating that it is the result of the wrong controls or the... |
Apr 8, 2022 - AWI Experimental Economics
Fehr, Dietmar; Rau, Hannes; Trautmann, Stefan T.; Yilong, Xu, 2022, "Inequality, fairness and social capital [Dataset]", https://doi.org/10.11588/data/QV5HAH, heiDATA, V1, UNF:6:0WCVNazM/mTrcTb4wo/FZQ== [fileUNF]
Inequality is often associated with negative societal consequences, but identifying a causal relationship is a daunting task. We provide evidence on the impact of unjust economic inequality on social interactions. Using a large-scale controlled experiment, we document that unjust... |
Jan 25, 2022 - AWI Experimental Economics
Trautmann, Stefan T.; Xu, Yilong; König‑Kersting, Christian; Patenaude, Bryan N.; Harling, Guy; Sié, Ali; Bärnighausen, Till, 2022, "Value of statistical life year in extreme poverty: a randomized experiment of measurement methods in rural Burkina Faso [Dataset]", https://doi.org/10.11588/data/WPWTWE, heiDATA, V1
Background: Value of a Statistical Life Year (VSLY) provides an important economic measure of an individual’s trade‑off between health risks and other consumption, and is a widely used policy parameter. Measuring VSLY is complex though, especially in low‑income and low‑literacy c... |
Dengler, Sebastian; Gerlagh, Reyer; Trautmann, Stefan T.; van de Kuilen, Gijs, 2019, "Climate policy commitment devices [Dataset]", https://doi.org/10.11588/data/R8HGIB, heiDATA, V1, UNF:6:G5JiC8JlmlC3TYlJ68qogw== [fileUNF]
We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a baseline condition, we find that policy interven... |
König-Kersting, Christian; Trautmann, Stefan T., 2017, "Countercyclical Risk Aversion: Beyond Financial Professionals [Online Appendix and Replication Package]", https://doi.org/10.11588/data/HLGUFF, heiDATA, V3, UNF:6:uf5BEfv2apPfRJhp2qW+Kw== [fileUNF]
We test if Cohn et al.’s (2015) experimental results on countercyclical risk aversion exhibited by financial professionals generalize to a standard student sample. In our sample, we do not find an effect of stock market bust or boom on subjects’ investments. We do not find a syst... |
Dec 20, 2016 - AWI Experimental Economics
Krawczyk, Michal; Trautmann, Stefan T.; van de Kuilen, Gijs, 2016, "Catastrophic Risk: Social Influences on Insurance Decisions [Dataset]", https://doi.org/10.11588/data/10096, heiDATA, V1
We study behavioral patterns of insurance demand for low-probability large-loss events (catastrophic losses). Individual patterns of belief formation and risk attitude that were suggested in the behavioral decisions literature emerge robustly in the current set of insurance choic... |
Roth, Benjamin; Trautmann, Stefan T.; Voskort, Andrea, 2016, "The role of personal interaction in the assessment of risk attitudes [Dataset]", https://doi.org/10.11588/data/10082, heiDATA, V1
Many decisions under uncertainty are delegated to professionals, such as financial advisors or medical doctors, requiring them to assess the risk attitudes of their clients or patients. To gain a better under- standing of the potential factors influencing risk attitude assessment... |
Trautmann, Stefan T.; Van de Kuilen, Gijs, 2015, "Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions [Dataset]", https://doi.org/10.11588/data/10040, heiDATA, V2
Attitudes toward risks are central to organizational decisions. These attitudes are commonly modeled by prospect theory. Construal level theory has been proposed as an alternative theory of risky choice, accounting for psychological distance deriving from temporal, spatial and so... |
Noussair, Charles N.; Trautmann, Stefan T.; Kuilen, Gijs van de, 2014, "Higher Order Risk Attitudes, Demographics, and Financial Decisions [Dataset]", https://doi.org/10.11588/data/10009, heiDATA, V4, UNF:5:aqNKYHh13jVE5RIy7gdN5w== [fileUNF]
We study the prevalence of the higher order risk attitudes of prudence and temperance in an experiment with a large demographically representative sample of participants. Under expected utility, prudence and temperance are defined by a convex first, and concave second, derivative... |
