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  1. Economics research in Canada
    a long-run assessment of journal publications
    Autor*in: Davies, James B.; Kocher, Martin; Sutter, Matthias
    Erschienen: 2005
    Verlag:  Max Planck Inst. of Economics, Strategic Interaction Group, Jena

    Standort:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Fernleihe:
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Papers on strategic interaction ; 2005,16
    Schlagworte: Wirtschaftsforschung; Bibliometrie; Kanada
    Umfang: 19 Bl, graph. Darst
    Bemerkung(en):
  2. Level-k reasoning and time pressure in the 11-20 money request game
    Autor*in: Lindner, Florian; Sutter, Matthias
    Erschienen: 2013
    Verlag:  Dep. of Economics, Innsbruck ; Dep. of Public Finance ; Dep. of Statistics

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online; Druck
    Schriftenreihe: Working papers in economics and statistics ; 2013,13
    Schlagworte: Gleichgewichtsmodell; Planspiel; Entscheidungsverhalten; Zeitdruck; Wiederholung;
    Umfang: 11 S., graph. Darst., 21 cm
    Bemerkung(en):

    Erhältlich bei: Inst. für Finanzwissenschaft, 6020 Innsbruck, Universitätsstraße 15

    Literaturverz. S. 8 - 9
  3. Collective intertemporal decisions and heterogeneity in groups
    Autor*in: Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: [2019]
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting,... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment, we study the causal effect of group members' heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals and that this effect is driven by the presence of at least one group member with a high payoff from waiting. We present group chat content, survey data, and additional treatments to uncover the mechanism through which heterogeneity in groups increases patience.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/201942
    Schriftenreihe: Array ; no. 7716 (June 2019)
    Umfang: 1 Online-Ressource (circa 39 Seiten)
  4. Credence goods markets and the informational value of new media
    a natural field experiment
    Autor*in: Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias
    Erschienen: [2019]
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become... mehr

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    Verlag (kostenfrei)
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose their needs using specialized webpages or to access other consumers’ reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the causal effect of information acquisition from new media on the level of sellers’ price charges for computer repairs. We find that even a correct self-diagnosis of a consumer about the appropriate repair does not reduce prices, and that an incorrect diagnosis more than doubles them. Internet ratings of repair shops are a good predictor of prices. However, the predictive valued of reviews depends on whether they are judged as reliable or not. For reviews recommended by the platform Yelp we find that good ratings are associated with lower prices and bad ratings with higher prices, while non-recommended reviews have a clearly misleading effect, because non-recommended positive ratings increase the price.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/214934
    Schriftenreihe: Array ; no. 7932 (October 2019)
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  5. Evaluating intergenerational persistence of economic preferences
    a large scale experiment with families in Bangladesh
    Autor*in: Chowdhury, Shyamal K.; Sutter, Matthias; Zimmermann, Klaus F.
    Erschienen: 2018
    Verlag:  Global Labor Organization (GLO), Maastricht

    Economic preferences - like time, risk and social preferences - have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 565
    Fernleihe:
    keine Fernleihe

     

    Economic preferences - like time, risk and social preferences - have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has examined how and when economic preferences are formed, putting particular emphasis on the role of intergenerational transmission of economic preferences within families. Our paper is the first to run incentivized experiments with fathers and mothers and their children by drawing on a unique dataset of 1,999 members of Bangladeshi families, including 911 children, aged 6-17 years, and 544 pairs of mothers and fathers. We find a large degree of intergenerational persistence as the economic preferences of mothers and fathers are significantly positively related to their children’s economic preferences. Importantly, we find that socio-economic status of a family has no explanatory power as soon as we control for parents' economic preferences. A series of robustness checks deals with the role of older siblings, the similarity of parental preferences, and the average preferences within a child's village.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/174893
    Schriftenreihe: GLO discussion paper ; no. 183
    Umfang: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  6. Reveal it or conceal it
    on the value of second opinions in a low-entry-barriers credence goods market
    Autor*in: Bindra, Parampreet Christopher; Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias
    Erschienen: [2020]
    Verlag:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 395
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from other sellers. Yet, empirical evidence whether this is a successful strategy is scarce. Here we present a natural field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the seller does neither increase the rate of successful repairs nor decrease the average repair price. We assess under which conditions gathering a second opinion can be valuable.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/238233
    Schriftenreihe: Working papers in economics and statistics ; 2020, 09
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  7. Monetary and social incentives in multi-tasking
    the ranking substitution effect
    Autor*in: Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; Sutter, Matthias; Walzl, Markus
    Erschienen: [2020]
    Verlag:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 395
    Fernleihe:
    keine Fernleihe

     

    Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked while another prosocial task is not: (i) a ranking influences behavior if individuals lag behind: they spend more total effort and substitute effort in the prosocial task with effort in the ranked task; (ii) those ahead in the ranking spend less total effort and lower relative effort in the ranked task. Implications for incentive schemes are discussed.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/238230
    Schriftenreihe: Working papers in economics and statistics ; 2020, 06
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  8. Do economic preferences of children predict behavior?
    Autor*in: Breitkopf, Laura; Chowdhury, Shyamal K.; Priyam, Shambhavi; Schildberg-Hörisch, Hannah; Sutter, Matthias
    Erschienen: June 2020
    Verlag:  Heinrich-Heine-University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), Düsseldorf, Germany

    Economic theory and empirical evidence establish that economic preferences predict behavior and life outcomes for children, adolescents, and adults. In this paper, we use novel data on 4,282 siblings aged 6 to 16 that combine incentivized measures of... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 256
    Fernleihe:
    keine Fernleihe

     

    Economic theory and empirical evidence establish that economic preferences predict behavior and life outcomes for children, adolescents, and adults. In this paper, we use novel data on 4,282 siblings aged 6 to 16 that combine incentivized measures of time, risk, and social preferences with comprehensive information on child behavior and family environment. Using standard cross-sectional specifications, our results confirm the predictive power of children's preferences for behavior. However, when estimating household fixed effects models that allow controlling forall characteristics that are shared by siblings, this predictive power largely vanishes. We discuss implications for research on children's preferences and behavior.

     
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    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783863043414
    Weitere Identifier:
    hdl: 10419/219989
    Schriftenreihe: Discussion paper / Düsseldorf Institute for Competition Economics (DICE) ; no 342
    Umfang: 1 Online-Ressource (circa 115 Seiten), Illustrationen
  9. Discrimination, narratives and family history
    an experiment with Jordanian host and Syrian refugee children
    Autor*in: Barron, Kai; Harmgart, Heike; Huck, Steffen; Schneider, Sebastian O.; Sutter, Matthias
    Erschienen: 2020
    Verlag:  WZB, Wissenschaftszentrum Berlin für Sozialforschung, Berlin

    We measure the prevalence of discrimination between Jordanian host and Syrian refugee children attending school in Jordan. Using a simple sharing experiment, we find only little discrimination. Among the Jordanian children, however, we see that those... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 377
    Fernleihe:
    keine Fernleihe

     

    We measure the prevalence of discrimination between Jordanian host and Syrian refugee children attending school in Jordan. Using a simple sharing experiment, we find only little discrimination. Among the Jordanian children, however, we see that those who descended from Palestinian refugees do not discriminate at all, suggesting that a family history of refugee status can generate solidarity with new refugees. We also find that parents' narratives about the refugee crisis are correlated with the degree of discrimination, suggesting that discriminatory preferences are being transmitted through parental attitudes.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/221756
    Schriftenreihe: Discussion paper / Wissenschaftszentrum Berlin für Sozialforschung, Research Area: Markets and Choice, Research Unit: Economics of Change ; SP II 2020, 304 (June 2020)
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  10. Monetary and social incentives in multi-tasking
    the ranking substitution effect
    Autor*in: Stefan, Matthias; Huber, Jürgen; Kirchler, Michael; Sutter, Matthias; Walzl, Markus
    Erschienen: May 2020
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked while another prosocial task is not: (i) a ranking influences behavior if individuals lag behind: they spend more total effort and substitute effort in the prosocial task with effort in the ranked task; (ii) those ahead in the ranking spend less total effort and lower relative effort in the ranked task. Implications for incentive schemes are discussed.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-0006-66F3-5
    hdl: 10419/229996
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2020, 10
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  11. Reveal it or conceal it
    on the value of second opinions in a low-entry-barriers credence goods market
    Autor*in: Bindra, Parampreet Christopher; Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias
    Erschienen: May 2020
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from other sellers. Yet, empirical evidence whether this is a successful strategy is scarce. Here we present a natural field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the seller does neither increase the rate of successful repairs nor decrease the average repair price. We assess under which conditions gathering a second opinion can be valuable.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-0006-6729-9
    hdl: 10419/229997
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2020, 11
    Umfang: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  12. Credence goods markets and the informational value of new media
    a natural field experiment
    Autor*in: Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias
    Erschienen: February 2019
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose their needs using specialized webpages or to access other consumers' reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the causal effect of information acquisition from new media on the level of sellers' price charges for computer repairs. We find that even a correct self-diagnosis of a consumer about the appropriate repair does not reduce prices, and that an incorrect diagnosis more than doubles them. Internet ratings of repair shops are a good predictor of prices. However, the predictive valued of reviews depends on whether they are judged as reliable or not. For reviews recommended by the platform Yelp we find that good ratings are associated with lower prices and bad ratings with higher prices, while non-recommended reviews have a clearly misleading effect, because non-recommended positive ratings increase the price.

     
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    Volltext (kostenfrei)
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    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/196682
    Schriftenreihe: Discussion paper series / IZA ; no. 12184
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  13. How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
    Autor*in: Balafoutas, Loukas; Sutter, Matthias
    Erschienen: May 2019
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the number of winners is either uncertain (but with known probabilities) or ambiguous (with unknown probabilities for different numbers of winners). We compare these two conditions to a control treatment with a known number of winners. We find that ambiguity induces a significant increase in the performance of men who choose to compete, while we observe no change for women. Men also increase their willingness to enter competition in the presence of ambiguity. Overall, both effects contribute to men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest that management should make tournament conditions transparent and information available in order to prevent gender disparities from increasing under uncertainty and ambiguity.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-0003-9CDA-8
    hdl: 10419/204707
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2019, 9
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  14. Credence goods markets and the informational value of new media
    a natural field experiment
    Autor*in: Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias
    Erschienen: March 2019
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become... mehr

    Zugang:
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose their needs using specialized webpages or to access other consumers' reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the causal effect of information acquisition from new media on the level of sellers' price charges for computer repairs. We find that even a correct self-diagnosis of a consumer about the appropriate repair does not reduce prices, and that an incorrect diagnosis more than doubles them. Internet ratings of repair shops are a good predictor of prices. However, the predictive valued of reviews depends on whether they are judged as reliable or not. For reviews recommended by the platform Yelp we find that good ratings are associated with lower prices and bad ratings with higher prices, while non-recommended reviews have a clearly misleading effect, because non-recommended positive ratings increase the price.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/204701
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2019, 3
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  15. An experimental study on the effects of communication, credibility, and clustering in network games
    Autor*in: Charness, Gary; Feri, Francesco; Meléndez-Jiménez, Miguel A.; Sutter, Matthias
    Erschienen: May 2019
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure.... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging experimental game on eight-person networks. Free-form chat is enormously effective in achieving the nonequilibrium efficient outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is much larger with freeform message communication than with restricted communication. We are the first to model this credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication technologies. We also provide a model of message diffusion, which indeed predicts that diffusion will be more rapid without clustering and is consistent with our data.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/202693
    Schriftenreihe: Discussion paper series / IZA ; no. 12347
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  16. An experimental study on the effects of communication, credibility, and clustering in network gamess
    Autor*in: Charness, Gary; Feri, Francesco; Meléndez-Jiménez, Miguel A.; Sutter, Matthias
    Erschienen: May 2019
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure.... mehr

    Zugang:
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging experimental game on eight-person networks. Free-form chat is enormously effective in achieving the nonequilibrium efficient outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is much larger with freeform message communication than with restricted communication. We are the first to model this credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication technologies. We also provide a model of message diffusion, which indeed predicts that diffusion will be more rapid without clustering and is consistent with our data.

     
    Export in Literaturverwaltung   RIS-Format
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-0003-9779-B
    hdl: 10419/204706
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2019, 8
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  17. Collective intertemporal decisions and heterogeneity in groups
    Autor*in: Glätzle-Rützler, Daniela; Lergetporer, Philipp; Sutter, Matthias
    Erschienen: [2019]
    Verlag:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting,... mehr

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    Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment, we study the causal effect of group members' heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals and that this effect is driven by the presence of at least one group member with a high payoff from waiting. We present group chat content, survey data, and additional treatments to uncover the mechanism through which heterogeneity in groups increases patience.

     
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    Schriftenreihe: Working papers in economics and statistics ; 2019, 10
    Umfang: 1 Online-Ressource (circa 43 Seiten)
  18. How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
    Autor*in: Balafoutas, Loukas; Sutter, Matthias
    Erschienen: May 2019
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be... mehr

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    Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the number of winners is either uncertain (but with known probabilities) or ambiguous (with unknown probabilities for different numbers of winners). We compare these two conditions to a control treatment with a known number of winners. We find that ambiguity induces a significant increase in the performance of men who choose to compete, while we observe no change for women. Men also increase their willingness to enter competition in the presence of ambiguity. Overall, both effects contribute to men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest that management should make tournament conditions transparent and information available in order to prevent gender disparities from increasing under uncertainty and ambiguity.

     
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    hdl: 10419/202694
    Schriftenreihe: Discussion paper series / IZA ; no. 12348
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  19. An experimental study on the effects of communication, credibility, and clustering in network games
    Autor*in: Charness, Gary; Feri, Francesco; Meléndez-Jiménez, Miguel A.; Sutter, Matthias
    Erschienen: [2019]
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure.... mehr

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    The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging experimental game on eight-person networks. Free-form chat is enormously effective in achieving the non-equilibrium efficient outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is much larger with freeform message communication than with restricted communication. We are the first to model this credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication technologies. We also provide a model of message diffusion, which indeed predicts that diffusion will be more rapid without clustering and is consistent with our data.

     
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    Schriftenreihe: Array ; no. 7659 (May 2019)
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  20. Political ideology, cooperation, and national parochialism across 42 nations
    Autor*in: Romano, Angelo; Sutter, Matthias; Hou-fu Liu, James; Balliet, Daniel
    Erschienen: November 2020
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Political ideology has been hypothesized to be associated with cooperation and national parochialism (i.e., greater cooperation with members of one’s nation), with liberals thought to have more cooperation with strangers and less national... mehr

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    Political ideology has been hypothesized to be associated with cooperation and national parochialism (i.e., greater cooperation with members of one’s nation), with liberals thought to have more cooperation with strangers and less national parochialism, compared to conservatives. However, previous findings are limited to few - and predominantly western - nations. Here, we present a large-scale cross-societal experiment that can test hypotheses on the relation between political ideology, cooperation, and national parochialism around the globe. To do so, we recruited 18,411 participants from 42 nations. Participants made decisions in a prisoner’s dilemma game, and we manipulated the nationality of their interaction partner (national ingroup member, national outgroup member, or unidentified stranger). We found that liberals, compared to conservatives, displayed slightly greater cooperation, trust in others, and greater identification with the world as a whole. Conservatives, however, identified more strongly with their own nation and displayed slightly greater national parochialism in cooperation. Importantly, the association between political ideology and behavior was significant in nations characterized by higher wealth, stronger rule of law, and better government effectiveness. We discuss the implications of these findings for understanding the association between political ideology and cooperation.

     
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    hdl: 10419/230983
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2020, 28
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  21. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: [2020]
    Verlag:  ECONtribute, Köln

    Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that... mehr

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    Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the rate of efficient service provision, but at the same time it also increases the volume of trade, leading to an ambiguous net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We also uncover an important interaction effect: if consumers are insured, experts invest less in diagnostic precision. We discuss policy implications of our results.

     
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    Auflage/Ausgabe: This version: 5 November 2020
    Schriftenreihe: ECONtribute discussion paper ; no. 038 (November 2020)
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  22. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: November 2020
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Credence goods markets - like for health care or repair services - with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that... mehr

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    Credence goods markets - like for health care or repair services - with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the rate of efficient service provision, but at the same time it also increases the volume of trade, leading to an ambiguous net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We also uncover an important interaction effect: if consumers are insured, experts invest less in diagnostic precision. We discuss policy implications of our results.

     
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    hdl: 21.11116/0000-0007-57D2-A
    hdl: 10419/230981
    Auflage/Ausgabe: This version: 5 November 2020
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2020, 26
    Umfang: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  23. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: November 2020
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that... mehr

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    Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the rate of efficient service provision, but at the same time it also increases the volume of trade, leading to an ambiguous net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We also uncover an important interaction effect: if consumers are insured, experts invest less in diagnostic precision. We discuss policy implications of our results.

     
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    hdl: 10419/229499
    Schriftenreihe: CESifo working paper ; no. 8681 (2020)
    Umfang: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  24. Trustworthiness in the financial industry
    Autor*in: Gill, Andrej; Heinz, Matthias; Schumacher, Heiner; Sutter, Matthias
    Erschienen: August 2020
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The financial industry has been struggling with widespread misconduct and public mistrust. Here we argue that the lack of trust into the financial industry may stem from the selection of subjects with little, if any, trustworthiness into the... mehr

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    The financial industry has been struggling with widespread misconduct and public mistrust. Here we argue that the lack of trust into the financial industry may stem from the selection of subjects with little, if any, trustworthiness into the financial industry. We identify the social preferences of business and economics students, and follow up on their first job placements. We find that during college, students who want to start their career in the financial industry are substantially less trustworthy. Most importantly, actual job placements several years later confirm this association. The job market in the financial industry does not screen out less trustworthy subjects. If anything the opposite seems to be the case: Even among students who are highly motivated to work in finance after graduation, those who actually start their career in finance are significantly less trustworthy than those who work elsewhere.

     
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    hdl: 10419/224025
    Schriftenreihe: Discussion paper series / IZA ; no. 13583
    Umfang: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  25. Financial literacy, risk and time preferences
    results from a randomized educational intervention
    Autor*in: Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; Froitzheim, Manuel
    Erschienen: August 2020
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we... mehr

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    We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial literacy has significant short-term and longer-term effects on risk and time preferences. Compared to two different control treatments, we find that teaching financial literacy makes subjects more patient, less present-biased, and slightly more risk-averse. Our finding that the intervention changes economic preferences contributes to a better understanding of why financial literacy has been shown to correlate systematically with financial behavior in previous studies. We argue that the link between financial literacy and field behavior works through economic preferences. In our study, the latter are also related in a meaningful way to students’ field behavior.

     
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    hdl: 10419/223561
    Schriftenreihe: CESifo working paper ; no. 8489 (2020)
    Umfang: 1 Online-Ressource (circa 96 Seiten), Illustrationen