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Articles 1 - 8 of 8
Full-Text Articles in Behavioral Economics
Introductory Economics: Gender, Majors, And Future Performance, Natsuki Arai, Shian Chang, Biing-Shen Kuo
Introductory Economics: Gender, Majors, And Future Performance, Natsuki Arai, Shian Chang, Biing-Shen Kuo
Economics Faculty Publications
By investigating the exam scores of introductory economics classes in the business school at National Chengchi University in Taiwan between 2008 and 2019, we find three sets of results: First, we find no significant difference between genders in the exam scores. Second, students’ majors are significantly associated with their exam scores, which likely reflects their academic ability measured at college admission. Third, the exam scores are strong predictors of students’ future academic performance.
Endowment Effects And Contribution Strategies In Public Good Experiments, John P. Weis, John J. Cadigan, Pamela Schmitt, Kurtis Swope
Endowment Effects And Contribution Strategies In Public Good Experiments, John P. Weis, John J. Cadigan, Pamela Schmitt, Kurtis Swope
Economics Faculty Publications
We investigate behavior in a laboratory public good experiment with unique endowment schemes that allow a wider range of contribution strategies than in standard voluntary contribution mechanism (VCM) experiments. A baseline treatment follows a standard VCM design (subjects receive 10 tokens in each of 10 rounds that may be allocated between a private account and a group account). In a new carry-over treatment, any tokens not allocated to the group account in the current period are made available for contributions in future periods. Under full endowment, subjects receive 100 tokens in round one (rather than 10 tokens per …
Anchoring In Financial Decision-Making: Evidence From The Field, Michael Jetter, Jay K. Walker
Anchoring In Financial Decision-Making: Evidence From The Field, Michael Jetter, Jay K. Walker
Economics Faculty Publications
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur within $500 of the initial dollar value, although the maximum possible wagering value averages $5,914. This anchoring phenomenon remains statistically significant on the one percent level, even after controlling for scores, clue category, time trends, and player-fixed effects.When exploiting within-player variation …
Gender In Jeopardy!: The Role Of Opponent Gender In High-Stakes Competition, Michael Jetter, Jay K. Walker
Gender In Jeopardy!: The Role Of Opponent Gender In High-Stakes Competition, Michael Jetter, Jay K. Walker
Economics Faculty Publications
Using 4,279 episodes of the popular US game show Jeopardy!, we analyze whether the opponents' gender is able to explain the gender gap in competitive behavior. Our findings indicate that gender differences disappear when women compete against men. This result is surprising, but emerges with remarkable consistency for the probability to (i) respond, (ii) respond correctly, and (iii) respond correctly in high-stakes situations. Even risk preferences in wagering decisions, where gender differences are especially pronounced, do not differ across gender once a woman competes against males. Using a fixed-effects framework, and therefore exploiting within-player …
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
Economics Faculty Publications
Most local governments pursue some degree of economic development activity to strengthen their economy by adding jobs and generating tax revenue. Witness the growth in tax increment financing, property tax abatements, tax credits, and exemptions for economic development. These state and local incentives totaled more than $80 billion in 2012. Economic development projects can represent a significant boon for a local economy. Estimating how much money they might generate, however, is not as easy as it initially seems, and jurisdictions can receive far less net new revenue than developers predict. Most consumers have finite incomes, which limits their discretionary spending. …
Game, Set, And Match: Do Women And Men Perform Differently In Competitive Situations?, Michael Jetter, Jay K. Walker
Game, Set, And Match: Do Women And Men Perform Differently In Competitive Situations?, Michael Jetter, Jay K. Walker
Economics Faculty Publications
This paper analyzes potential gender differences in competitive environments using a sample of over 100,000 professional tennis matches. We focus on two phenomena of the labor and sports economics literature: the hot-hand and clutch-player effects. First, we find strong evidence for the hot-hand (cold-hand) effect. Every additional win in the most recent ten Tour matches raises the likelihood of prevailing in the current encounter by 3.1 (males) to 3.3 percentage points (females). Second, top male and female players are excelling in Grand Slam tournaments, arguably the most important events in tennis. For men, we also find evidence for top players …
Are Religion And Environmentalism Complements Or Substitutes?: A Club-Based Approach, Feler Bose, Timothy M. Komarek
Are Religion And Environmentalism Complements Or Substitutes?: A Club-Based Approach, Feler Bose, Timothy M. Komarek
Economics Faculty Publications
In this article, we analyze the causal link between membership in environmental groups and active participation and membership in religious groups. We use a club-based model and employ OLS and spatial econometrics with controls to test for whether membership and participation in a religious group is a substitute or complement for membership in environmental groups. Instrumental variables estimation was used as a robustness check. We found that religious participation and religious membership in evangelical groups are a substitute for environmental membership. Much of the work on environmental concerns has focused on answers to survey questions, not on membership. We used …
Risk Preferences And Prenatal Exposure To Sex Hormones For Ladinos, Diego Aycinena, Rimvydas Baltaduonis, Lucas Rentschler
Risk Preferences And Prenatal Exposure To Sex Hormones For Ladinos, Diego Aycinena, Rimvydas Baltaduonis, Lucas Rentschler
Economics Faculty Publications
Risk preferences drive much of human decision making including investment, career and health choices and many more. Thus, understanding the determinants of risk preferences refines our understanding of choice in a broad array of environments. We assess the relationship between risk preferences, prenatal exposure to sex hormones and gender for a sample of Ladinos, which is an ethnic group comprising 62.86% of the population of Guatemala. Prenatal exposure to sex hormones has organizational effects on brain development, and has been shown to partially explain risk preferences for Caucasians. We measure prenatal exposure to sex hormones using the ratio of the …