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http://hdl.handle.net/10419/39654
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| Title: | | Asymmetrically dominated alternatives and random incentive mechanisms  |
| Authors: | | Schmidt, Ulrich |
| Issue Date: | | 2010 |
| Series/Report no.: | | Kiel working paper 1646 |
| Abstract: | | This note presents an experimental study of the random lottery incentive mechanism. In the baseline treatment we observe risk behavior in a given choice problem. We show that by integrating a second, asymmetrically dominated choice problem in a random incentive mechanism risk behavior can be manipulated systematically. This implies that the isolation hypothesis is violated the random incentive mechanism does not elicit true preferences. |
| Subjects: | | Random incentive mechanism isolation asymmetrically dominated alternatives |
| JEL: | | C91 D81 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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