WP 2011

WP 2011-07 What Can Economics Contribute to the Study of Human Evolution?

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Published in 2012 in Biology & Philosophy, Volume 27, Issue 2.

AUTHOR: Don Ross

ABSTRACT. The revised edition of Paul Seabright’s The Company of Strangers is critically reviewed. Seabright aims to help non‐economists participating in the cross‐disciplinary study of the evolution of human sociality appreciate the potential value that can be added… more »

WP 2011-06 Notes on Coordination, Game Theory and the Evolutionary Basis of Language

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Published in 2012 in Interaction Studies, Volume 13, Issue 1.

AUTHOR: Don Ross

ABSTRACT. It is widely appreciated that establishment and maintenance of coordination are among the key evolutionary promoters and stabilizers of human language. In consequence, it is also generally recognized that game theory is an important tool for studying these… more »

WP 2011-05 Avoiding the Curves: Direct Elicitation of Time Preferences

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Published in 2012 in Journal of Risk and Uncertainty, Volume 44, Issue 3.

AUTHORS: Susan K. Laury, Melayne Morgan McInnes, and J. Todd Swarthout

ABSTRACT. We propose and test a new method for eliciting curvature-controlled discount rates that are invariant to the form of the utility function. The advantage of this method… more »

WP 2011-04 Multiattribute Utility Theory, Intertemporal Utility and Correlation Aversion

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Published in 2018 in International Economic Review, Volume 59, Number 2.

AUTHORS: Steffen Andersen, Glenn W. Harrison, Morten Igel Lau, and E. Elisabet Rutström

ABSTRACT: Convenient assumptions about qualitative properties of the intertemporal utility function have generated counterintuitive implications for the relationship between atemporal risk aversion and… more »

WP 2011-03 Discounting Behavior: A Reconsideration

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Published in 2014 in European Economic Review, Volume 71.

AUTHORS: Steffen Andersen, Glenn W. Harrison, Morten Igel Lau, and E. Elisabet Rutström

ABSTRACT. We re-evaluate the theory, experimental design and econometrics behind claims that individuals exhibit non-constant discounting behavior. Theory points to the importance of controlling for the non-linearity of the utility… more »

WP 2011-02 Remarks on Virtual World and Virtual Reality Experiments

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Published in 2011 in Southern Economic Journal, Volume 78, Issue 1.

AUTHORS: Glenn W. Harrison, Ernan Haruvy, and E. Elisabet Rutström

ABSTRACT. In recent years there has been increased behavioral research in virtual reality and virtual worlds. While these experiments could offer substantial advantages to researchers, they might also pose risks. We… more »

WP 2011-01 Discounting Behavior and the Magnitude Effect

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Published in 2013 in Economica, Volume 80, Issue 320.

AUTHORS: Steffen Andersen, Glenn W. Harrison, Morten I. Lau, and E. Elisabet Rutström

ABSTRACT. We evaluate the claim that individuals exhibit a magnitude effect in their discounting behavior, which is said to occur when higher discount rates are inferred from choices made with… more »