The front end electronics and data acquisition system for the SLD (SLAC Large Detector) barrel Cerenkov Ring Imaging Detector (CRID) are described. This electronics must provide a 1% charge division ...measurement with a maximum acceptable noise level of 2000 electrons (RMS). Noise and system performance results are presented for the initial SLD engineering run data. Bench tests and beam data demonstrate that the design goal for noise performance has been reached.< >
We present a laboratory investigation of intertemporal choice (i.e., elicited discount rates) allowing for the influence of the endowment effect. Consistent with the previous literature, we ...hypothesize that the endowment effect in an intertemporal choice setting results in substantially higher discount rates relative to when individuals treat the resources in question as found money. Our results support this hypothesis and our experimental design provides a new protocol for conducting choice experiments wherein the endowment effect is an important determinant of behaviour. On résente une analyse en laboratoire de choix inter-temporels (i.e., de taux d'escompte) permettant à l'effet de dotation de jouer. Selon les conventions dans la littérature spécialisée, on fait l'hypothèse que l'effet de dotation dans un contexte de choix inter-temporel résulte en des taux d'escompte substantiellement plus élevés que quand les individus traitent les ressources comme de la monnaie trouvée. Les résultats supportent l'hypothèse, et le design de l'expérience fournit un protocole pour mener des expériences de choix où l'effet de dotation est un déterminant important du comportement.
Full text
Available for:
BFBNIB, FZAB, GIS, IJS, INZLJ, IZUM, KILJ, NLZOH, NMLJ, NUK, OILJ, PILJ, PNG, SAZU, SBCE, SBMB, UL, UM, UPUK, ZRSKP
"B. Curtis Eaton is one of Canada's leading microeconomists. As an applied economic theorist, Eaton has contributed greatly to industrial organization literature and has also worked in labour ...economics, economic geography, and organizational theory. The essays in this volume, by former students and present and former colleagues, call attention to the path-breaking work of Professor Eaton. The first two chapters provide a short overview of Eaton's research contributions and argue that his work laid the foundation for important research programs across the country. The remaining chapters, including an unpublished paper by Eaton himself, consist of original work that can be divided into the three broad categories of industrial organization and spatial competition, trade and productivity, and social interaction. Not only a collection of laudatory essays, Industrial Organization, Trade, and Social Interaction presents cutting edge research by leading scholars."--BOOK JACKET.
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion, utilizing an asset integration protocol designed to ensure that a loss of cash provided ...by the experimenter is viewed as a real loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology to assess how individuals choose between a safe option and a riskier lottery. When the money at stake is viewed as the individual's own money, one of the lottery outcomes is in the domain of losses. Our results confirm that individuals display an additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only preference functions incorporating loss aversion are able to generate predicted behaviour that matches our results.
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and ...retain money for a week before using it in an incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on behavior resulting in participants requiring higher compensation to bear risk.
We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited ...discount rates relative to subjects who earn income or earn and retain the income for a period before making intertemporal decisions. We hypothesize that loss aversion in an intertemporal choice yields higher discount rates among subjects earning and retaining. Our results support this hypothesis: among subjects who earn and retain their income we elicit substantially higher discount rates relative to those experiencing a windfall gain.
We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited ...discount rates relative to subjects who earn income or earn and retain the income for a period before making intertemporal decisions. We hypothesize that loss aversion in an intertemporal choice yields higher discount rates among subjects earning and retaining. Our results support this hypothesis: among subjects who earn and retain their income we elicit substantially higher discount rates relative to those experiencing a windfall gain.
PDF
