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BEGIN:VEVENT
DTSTAMP:20260623T024050Z
DTSTART;VALUE=DATE-TIME:20140930T143000
DTEND;VALUE=DATE-TIME:20140930T155000
SUMMARY:DR@W Forum: Peter Wakker (Erasmus University) - *Please note this
  DR@W Forum is on a Tuesday*
TZID:Europe/London
UID:20140930-8a1785d77b065d9b017b5dc5cb4d1f8d@warwick.ac.uk
CREATED:20140616T115833Z
DESCRIPTION:Peter Wakker (Erasmus University) Prince: An Improved Method 
 for Implementing Real Incentives (joint with Cathleen Johnson\, Aurélien
  Baillon\, Han Bleichrodt\, Zhihua Li\, & Dennie van Dolder) ABSTRACT. W
 e introduce the prior incentive system (Prince) for measuring preference
 s. Prince makes the decision relevance and incentive compatibility of ex
 perimental choice questions clearer to subjects than was possible before
 . It combines the efficiency and precision of matching with an improved 
 clarity and validity of choice questions. It helps distinguish between (
 a) genuine deviations from classical economic theories (such as the endo
 wment effect) and (b) preference anomalies due to fallible measurements 
 (such as preference reversals). Prince avoids (a) The opaqueness of the 
 Becker-DeGroot-Marschak mechanism\; (b) violations of isolation of the r
 andom incentive system\; and (c) strategic behavior for adaptive experim
 ents. Using Prince we shed new light on willingness to accept\, subjecti
 ve probabilities and utilities\, and ambiguity attitudes. Not only did w
 e avoid any deception of subjects\, but\, moreover\, every subject could
  verify so during the experiment. Download Flyer
LOCATION:ÌÇÐÄTV Library (Wolfson Research Exchange Area- Room 1)
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093725Z
ORGANIZER;CN="":
END:VEVENT
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