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1 to 10 of 27 Results
Sep 18, 2023 - AWI Experimental Economics
Trautmann, Stefan T.; Wang, Xianghong; Wang, Yijie; Xu, Yilong, 2023, "High‑status individuals are held to higher ethical standards [Dataset]", https://doi.org/10.11588/data/6IDG5V, heiDATA, V1, UNF:6:d4StHYIKqO6F0tAqF0pfUA== [fileUNF]
Although there is evidence for the generosity of high‑status individuals, there seems to be a strong perception that the elites are selfish and contribute little to others’ welfare, and even less so than poorer people. We argue that this perception may derive from a gap between n...
Aug 9, 2023 - AWI Experimental Economics
Özgümüs, Asri; Rau, Holger A.; Trautmann, Stefan T., 2023, "Delayed Risk in Individual and Social Decisions [Dataset]", https://doi.org/10.11588/data/QGKGSN, heiDATA, V1
This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshot...
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...
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...
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...
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...
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...
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...
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