Germany

Higher Order Risk Preferences: New Measures, Determinants and Field Behavior

We use a novel method to elicit and measure the intensities of higher order risk preferences (prudence and temperance) in an experiment with 658 adolescents. In line with theoretical predictions, we find that the degrees of higher order risk …

Addressing Validity and Generalizability Concerns in Field Experiments

In this paper, we systematically analyze the empirical importance of standard conditions for the validity and generalizability of field experiments: the internal and external overlap and unconfoundedness conditions. We experimentally varied the …

A New Approach to Treatment Assignment for One and Multiple Treatment Groups

We present a new approach to treatment assignment in (field) experiments for the case of one or multiple treatment groups. This approach -- which we call the minimizing Mean Squared Error (MSE) approach -- uses sample characteristics to obtain …