This study examines structural differences in the subjective quality of health care in Germany using a newspaper survey. We find that...

The Kiel Canal in Germany connects ports on the Baltic Sea with the rest of the world and is the most-used artificial waterway in the...

Recent studies in the marketing literature developed a new method for eliciting willingness to pay (WTP) with an open-ended...

Public opinion has a substantial impact on political actions. However, public opinion might be driven by temporary emotions. If these...

Most pure public goods like lighthouses, dams, or national defense provide utility mainly by insuring against hazardous events. Our...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

This paper investigates the relationship between market overconfidence and occurrence of stock-price bubbles. Sixty participants...

In this paper we elicit preferences for the classical three-color Ellsberg Paradax employing three different methods, choices, minimal...

Economic experiments report that individuals perform better under a piece rate payment scheme in comparison to a fixed payment scheme....

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

We present a new theory of decision under uncertainty: third-generation prospect theory (PT3). This retains the predictive power of...

The present paper contributes to the controversy regarding gender differences in risk taking by investigating the impact of social...

This paper presents an experimental study analyzing common consequence effects with binary choice, willingness-to-pay (WTP), and...

Experiments on choice under risk typically involve multiple decisions by individual subjects. The choice of mechanism for selecting...

This paper presents an experimental study of the random incentive mechanisms which are a standard procedure in economic and...

People are usually more productive when they are paid according to their performance. Yet, it is reported that women prefer fixed rate...

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences of men and...

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences of men and...