WP 2015-11 Risk Preferences, Time Preferences and Smoking Behavior

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Forthcoming: Southern Economic Journal

ABSTRACT: There is a rich theoretical literature in economics which models habit-forming behaviours, of which addiction is the exemplar, but there is a paucity of experimental economic studies eliciting and comparing the preferences that economic theory suggests may differ between addicts and non-addicts. We evaluate an incentive-compatible risk… 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.

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 begin by identifying key concepts in virtual experimental research.… more »

WP 2010-02 Are You Risk Averse Over Other People’s Money?

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Published in 2011 in Southern Economic Journal, Volume 77, Issue 4.

ABSTRACT. Decisions with uncertain outcomes are often made by one party in settings where another party bears the consequences. Whenever an individual is delegated to make decisions that affect others, such as in the typical corporate structure, does the individual… more »