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178 records from EconBiz based on author Name
1. Ambiguity on audits and cooperation in a public goods game
abstractWe investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being audited, both before and after audits are definitely withdrawn. We find that when individuals have initially experienced systematic audits, they decrease both their beliefs and their contributions almost immediately after audits are withdrawn. In contrast, when audits were initially less frequent and more irregular, they maintain high beliefs about the probability of being audited and continue cooperating long after audits have been withdrawn. Inconsistency in experiencing audits across time clearly increases the difficulty of learning the true audit probabilities. Thus, conducting less frequent and irregular audits with higher fines can increase efficiency dramatically.
Dai, Zhixin; Hogarth, Robin M.; Villeval, Marie-Claire;2014
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
2. Competitive dynamics and the impact of incumbent affiliations on new ventures
Evgeniou, Theodoros; Fang, Lily Hua; Hogarth, Robin M.; Karelaia, Natalia;2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
3. The role of incidental variables of time in mood assessment
Hogarth, Robin M.; Portell, Mariona; Cuxart, Anna;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
4. Experiencing sequentially simulated outcomes : a guide to improve statistical inference
Hogarth, Robin M.; Soyer, Emre;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
5. Econometrics and decision making : effects of presentation mode
Soyer, Emre; Hogarth, Robin M.;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
6. Intermittent reinforcement and the persistence of behavior : experimental evidence
abstractWhereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real-effort experiment in which individuals had to decide when to exit the situation: a continuous reinforcement schedule (all periods paid); a fixed intermittent reinforcement schedule (one out of three periods paid); and a random intermittent reinforcement schedule (one out of three periods paid on a random basis). In all treatments, monetary rewards were withdrawn after the same unknown number of periods. Overall, intermittent reinforcement leads to more persistence and higher total effort, while participants in the continuous condition exit as soon as payment stops or decrease effort dramatically. Randomness increases the dispersion of effort, inducing both early exiting and persistence in behavior; overall, it reduces agents' payoffs. Our interpretation is that, in the presence of regime shifts, both the frequency and the randomness of the reinforcement schedules influence adjustments that participants make across time to their reference points in earnings expectations. This could explain why agents persist in activities although they lose money, such as excess trading in stock markets. -- intermittent reinforcement ; ambiguity ; randomness ; incentives ; experiment
Hogarth, Robin M.; Villeval, Marie-Claire;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
7. When should I quit? : gender differences in exiting competitions
Hogarth, Robin M.; Karelaia, Natalia; Trujillo, Carlos Andres;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
8. The size and distribution of donations : effects of numbers of potential recipients
Soyer, Emre; Hogarth, Robin M.;2010
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
9. Ambiguous Incentives and the Persistence of Effort : Experimental Evidence
abstractWhen the assignment of incentives is uncertain, we study how the regularity and frequency of rewards and risk attitudes influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide when to quit: a continuous incentive scheme and two intermittent ones, fixed and random. In all treatments, we introduce a regime shift by withdrawing monetary rewards after the same unknown number of periods. In such an ambiguous environment, we show that less able and more risk averse players are less persistent in effort. Intermittent incentives lead to a greater persistence of effort, while continuous incentives entail exit as soon as payment stops. Randomness increases both earlier and later exiting. This selection effect in terms of ability and risk attitudes combined with the impact of intermittent rewards on persistence lead to an increase in mean performance after the regime shift when incentives are intermittent
Hogarth, Robin M.; Villeval, Marie Claire;2015
Availability: Link Link
10. Ambiguity on audits and cooperation in a public goods game
Dai, Zhixin; Hogarth, Robin M.; Villeval, Marie-Claire;2015
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link