How Hunger Affects Distributional Preferences

Experimental economists have a long tradition of running experiments with monetary incentives, with a number of underlying assumptions and methodological concerns that have yet to be tested and answered. One of these questions is if participants in those experiments care about efficiency. Or more precisely, do participants exhibit efficiency preferences (Engelmann & Strobel, 2004)? One[…]

Accountability and Pecuniary Sanctions Influence Fiduciary Money Management

Sandro Casal, Matteo Ploner and I investigated the conflict of interests between investors and fund managers which often arises in asset management. A main goal of financial regulators is to identify and mitigate this conflict.  We therefore focused on measures that may foster protection of investors’ interests. In an experiment capturing the essential elements of[…]