Asymmetrically Dominated Choice Problems, the Isolation Hypothesis and Random Incentive Mechanisms

Asymmetrically Dominated Choice Problems, the Isolation Hypothesis and Random Incentive Mechanisms

This paper presents an experimental study of the random incentive mechanisms which are a standard procedure in economic and psychological experiments. Random incentive mechanisms have several advantages but are incentive-compatible only if responses to the single tasks are independent. This is true if either the independence axiom of expected utility theory or the isolation hypothesis of prospe...

Asymmetrically Dominated Choice Problems and Random Incentive Mechanisms

A common methodology in experimental research is the use of random incentive mechanisms. This note investigates possible distortion induced by such mechanisms in the context of choice under risk. In the baseline (one task) treatment of our experiment we observe risk behavior in a given choice problem. We show that by integrating a second, asymmetrically dominated choice problem in a random ince...

The neural mechanisms of mate choice: a hypothesis.

Scientists have described many physical and behavioral traits in avian and mammalian species that evolved to attract mates. But the brain mechanisms by which conspecifics become attracted to these traits is unknown. This paper maintains that two aspects of mate choice evolved in tandem: 1) traits that evolved in the "display producer" to attract mates and, 2) corresponding neural mechanisms in ...

Dominated Convergence for Fuzzy Random Variables

The choice and agreement problems of a random function

The direct-sum question is a classical question that asks whether performing a task on m independent inputs is m times harder than performing it on a single input. In order to study this question, Beimel et. al [BBKW14] introduced the following related problems: • The choice problem: Given m distinct instances, choose one of them and solve it. • The agreement problem: Given m distinct instances...