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This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked Savings (PLS) product alters the likelihood that subjects choose to delay paymen...
A NOTE ON PAYMENTS IN THE LAB FOR INFINITE HORIZON DYNAMIC GAMES WITH DISCOUNTING
Payment in experiments Experimental economics
2015/7/15
We also establish that a simple payment scheme, paying participants for the last (randomly occurring)
round, robustly implements the predicted outcomes for any infinite horizon dynamic game wit...
This paper reviews experiments in macroeconomics, pointing out the theoretical justifications, the strengths and weaknesses of this approach. We identify two broad classes of experiments: general equi...