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Author Name: Trautmann, Stefan T.

1 to 10 of 25 Results

Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries [Dataset] 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...
Inequality, fairness and social capital [Dataset] 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...
Value of statistical life year in extreme poverty: a randomized experiment of measurement methods in rural Burkina Faso [Dataset] 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...
Implementing (Un)fair Procedures: Containing Favoritism When Unequal Outcomes are Inevitable [Dataset] Oct 25, 2021 - AWI Experimental Economics Schmidt, Robert; Trautmann, Stefan T., 2021, "Implementing (Un)fair Procedures: Containing Favoritism When Unequal Outcomes are Inevitable [Dataset]", https://doi.org/10.11588/data/APBF7C, heiDATA, V1, UNF:6:nKEA/QBp0/zEXIMhsTG2og== [fileUNF] We study the selection of people when unequal payoffs are inevitable, but fair procedures are feasible, as in selecting one person from several candidates for a job. We show that allocators may be influenced by their similarity with a recipi- ent, leading to favoritism in outcome...
Experiencing Risk: Higher-Order Risk Attitudes in Description- and Experience-Based Decisions [Dataset] Jul 30, 2021 - AWI Experimental Economics Becker, Christoph K.; Ert, Eyal; Trautmann, Stefan T.; van de Kuilen, Gijs, 2021, "Experiencing Risk: Higher-Order Risk Attitudes in Description- and Experience-Based Decisions [Dataset]", https://doi.org/10.11588/data/CMCIXT, heiDATA, V1 Risky decisions are often characterized by (a) imprecision about consequences and their likelihoods that can be reduced by information collection, and by (b) unavoidable background risk. This article addresses both aspects by eliciting risk attitude, prudence, and temperance in d...
Good decision vs. good results: Outcome bias in the evaluation of financial agents [Dataset] Nov 9, 2020 - AWI Experimental Economics König-Kersting, Christian; Pollmann, Monique; Potters, Jan; Trautmann, Stefan T., 2020, "Good decision vs. good results: Outcome bias in the evaluation of financial agents [Dataset]", https://doi.org/10.11588/data/HQW24W, heiDATA, V1, UNF:6:bFbob63euOZqXO04dtgSBQ== [fileUNF] We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s eval- uations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This ha...
Belief Elicitation: A Horse Race among Truth Serums [Dataset] May 27, 2019 - AWI Experimental Economics Trautmann, Stefan T.; Kuilen, Gijs van de, 2014, "Belief Elicitation: A Horse Race among Truth Serums [Dataset]", https://doi.org/10.11588/data/10004, heiDATA, V3, UNF:5:rdLqOxsqtpO3QKanCTJFPw== [fileUNF] We pit non-incentivized introspection against five revealed preference mechanisms (“truth serums”) in the elicitation of beliefs in a simple two-player game. We measure the additivity, the predictive power for own behaviour, and the accuracy of each method. Beliefs from incentivi...
Distance from a Distance: The Robustness of Psychological Distance Effects [Dataset] Jan 29, 2019 - AWI Experimental Economics Trautmann, Stefan T., 2019, "Distance from a Distance: The Robustness of Psychological Distance Effects [Dataset]", https://doi.org/10.11588/data/0HJW2A, heiDATA, V1, UNF:6:Rk3oq4gQ95R1nr48tgqV+Q== [fileUNF] Psychological distance effects have attracted the attention of behavioral economists in the context of descriptive modeling and behavioral policy. Indeed, psychological distance effects have been shown for an increasing number of domains and applications relevant to economic deci...
Climate policy commitment devices [Dataset] Jan 15, 2019 - AWI Experimental Economics 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...
Risk, time pressure, and selection effects [Dataset] May 20, 2018 - AWI Experimental Economics Kocher, Martin G.; Schindler, David; Trautmann, Stefan T.; Xu, Yilong, 2018, "Risk, time pressure, and selection effects [Dataset]", https://doi.org/10.11588/data/GBKK4O, heiDATA, V1, UNF:6:pP3XUM9b1UVsjEaoU0RTig== [fileUNF] Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask...

Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries [Dataset]

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...

Inequality, fairness and social capital [Dataset]

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...

Value of statistical life year in extreme poverty: a randomized experiment of measurement methods in rural Burkina Faso [Dataset]

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...

Implementing (Un)fair Procedures: Containing Favoritism When Unequal Outcomes are Inevitable [Dataset]

Oct 25, 2021 - AWI Experimental Economics

Schmidt, Robert; Trautmann, Stefan T., 2021, "Implementing (Un)fair Procedures: Containing Favoritism When Unequal Outcomes are Inevitable [Dataset]", https://doi.org/10.11588/data/APBF7C, heiDATA, V1, UNF:6:nKEA/QBp0/zEXIMhsTG2og== [fileUNF]

We study the selection of people when unequal payoffs are inevitable, but fair procedures are feasible, as in selecting one person from several candidates for a job. We show that allocators may be influenced by their similarity with a recipi- ent, leading to favoritism in outcome...

Experiencing Risk: Higher-Order Risk Attitudes in Description- and Experience-Based Decisions [Dataset]

Jul 30, 2021 - AWI Experimental Economics

Becker, Christoph K.; Ert, Eyal; Trautmann, Stefan T.; van de Kuilen, Gijs, 2021, "Experiencing Risk: Higher-Order Risk Attitudes in Description- and Experience-Based Decisions [Dataset]", https://doi.org/10.11588/data/CMCIXT, heiDATA, V1

Risky decisions are often characterized by (a) imprecision about consequences and their likelihoods that can be reduced by information collection, and by (b) unavoidable background risk. This article addresses both aspects by eliciting risk attitude, prudence, and temperance in d...

Good decision vs. good results: Outcome bias in the evaluation of financial agents [Dataset]

Nov 9, 2020 - AWI Experimental Economics

König-Kersting, Christian; Pollmann, Monique; Potters, Jan; Trautmann, Stefan T., 2020, "Good decision vs. good results: Outcome bias in the evaluation of financial agents [Dataset]", https://doi.org/10.11588/data/HQW24W, heiDATA, V1, UNF:6:bFbob63euOZqXO04dtgSBQ== [fileUNF]

We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s eval- uations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This ha...

Belief Elicitation: A Horse Race among Truth Serums [Dataset]

May 27, 2019 - AWI Experimental Economics

Trautmann, Stefan T.; Kuilen, Gijs van de, 2014, "Belief Elicitation: A Horse Race among Truth Serums [Dataset]", https://doi.org/10.11588/data/10004, heiDATA, V3, UNF:5:rdLqOxsqtpO3QKanCTJFPw== [fileUNF]

We pit non-incentivized introspection against five revealed preference mechanisms (“truth serums”) in the elicitation of beliefs in a simple two-player game. We measure the additivity, the predictive power for own behaviour, and the accuracy of each method. Beliefs from incentivi...

Distance from a Distance: The Robustness of Psychological Distance Effects [Dataset]

Jan 29, 2019 - AWI Experimental Economics

Trautmann, Stefan T., 2019, "Distance from a Distance: The Robustness of Psychological Distance Effects [Dataset]", https://doi.org/10.11588/data/0HJW2A, heiDATA, V1, UNF:6:Rk3oq4gQ95R1nr48tgqV+Q== [fileUNF]

Psychological distance effects have attracted the attention of behavioral economists in the context of descriptive modeling and behavioral policy. Indeed, psychological distance effects have been shown for an increasing number of domains and applications relevant to economic deci...

Climate policy commitment devices [Dataset]

Jan 15, 2019 - AWI Experimental Economics

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...

Risk, time pressure, and selection effects [Dataset]

May 20, 2018 - AWI Experimental Economics

Kocher, Martin G.; Schindler, David; Trautmann, Stefan T.; Xu, Yilong, 2018, "Risk, time pressure, and selection effects [Dataset]", https://doi.org/10.11588/data/GBKK4O, heiDATA, V1, UNF:6:pP3XUM9b1UVsjEaoU0RTig== [fileUNF]

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask...

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