2003
DOI: 10.1023/a:1023900131352
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Cited by 17 publications
(2 citation statements)
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“…The chance to win is represented by the number of lottery tickets earned at the end of the negotiation. Since subjects negotiate over the lottery tickets and not the actual cash prize, we are able to control for heterogeneous utilities and risk preferences [33]. This setup also allows utility to be exactly equal to the probability of winning the final cash prize [33,34].…”
Section: Experimental Designmentioning
confidence: 99%
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“…The chance to win is represented by the number of lottery tickets earned at the end of the negotiation. Since subjects negotiate over the lottery tickets and not the actual cash prize, we are able to control for heterogeneous utilities and risk preferences [33]. This setup also allows utility to be exactly equal to the probability of winning the final cash prize [33,34].…”
Section: Experimental Designmentioning
confidence: 99%
“…Since subjects negotiate over the lottery tickets and not the actual cash prize, we are able to control for heterogeneous utilities and risk preferences [33]. This setup also allows utility to be exactly equal to the probability of winning the final cash prize [33,34]. We use a context specific experiment to allow the use of language to be richer than many other non-contextual economic experiments.…”
Section: Experimental Designmentioning
confidence: 99%