Steffen Andersen
Biographic Data
| ID | 5732099 |
|---|---|
| NAME | Steffen Andersen |
| GIVEN NAMES | Steffen |
| FAMILY NAME | Andersen |
| SIGNATURE | ANDERSEN S |
| AFFILIATIONS | Copenhagen Business School |
| ORCID | 0000-0002-2384-3161 |
| VERIFIED | Yes |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 5 |
| AUTHOR COUNT | 9 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2006 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 1 |
Towards an Understanding of Reference-Dependent Labour Supply: Theory and Evidence from a Field Experiment
We experimentally study the effects of transitory incentives and income predicted by models of reference-dependent labour supply. Visiting an open-air market in India, we induce experimental variation in: (i) incentives by offering vendors a supplemental wage over the course of two days and (ii) income by, one morning, administering a substantial overpayment for a good sold in the market. We find that incentives have a staggered effect on hours w…
Gender Differences in Negotiation: Evidence from Real Estate Transactions
Negotiations over real estate show that men secure better prices than women. However, gender differences decrease when improving controls for the property's value, and is eliminated when controlling for unobserved heterogeneity in a repeated-sales sample. Rather than evidence of differences in negotiation, price differences result from men and women demanding different properties. Consistently, we find no gender difference in sales prices secured…
Asset Integration and Attitudes toward Risk: Theory and Evidence
We provide evidence that choices over small-stakes bets are consistent with assumptions of some payoff calibration paradoxes. We then exploit the existence of detailed information on individual wealth of our experimental subjects in Denmark and directly estimate risk attitudes and the degree of asset integration. We discover that behavior is consistent with partial, rather than full, asset integration. The implied risk attitudes from estimating t…
Dual criteria decisions
Gender, Competitiveness, and Socialization at a Young Age: Evidence From a Matrilineal and a Patriarchal Society
Recent literature presents evidence that men are more competitively inclined than women. Since top-level careers usually require competitiveness, competitiveness differences provide an explanation for gender gaps in wages and differences in occupational choice. A natural question is whether women are born less competitive or whether they become so through the process of socialization. To pinpoint when in the socialization process the difference a…
Discounting Behaviour and the Magnitude Effect: Evidence from a Field Experiment in Denmark
We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made with lower principals, all else being equal. If the magnitude effect is quantitatively significant, it is not appropriate to use one discount rate that is independent of the scale of the project for cost–benefit analysis and capital budgeting. Using data from a field experiment in Denmark, we…
Behavioral econometrics for psychologists
Eliciting Risk and Time Preferences
We design experiments to jointly elicit risk and time preferences for the adult Danish population. Since subjects are generally risk averse, we find that joint elicitation provides estimates of discount rates that are significantly lower than those found in previous studies and more in line with what would be considered as a priori reasonable rates. The statistical specification relies on a theoretical framework that involves a latent trade-off b…
Elicitation using multiple price list formats
We examine the properties of a popular method for eliciting choices and values from experimental subjects, the multiple price list format. The main advantage of this format is that it is relatively transparent to subjects and provides simple incentives for truthful revelation. The main disadvantages are that it only elicits interval responses, and could be susceptible to framing effects. We consider extensions to address and evaluate these concer…
Behavioral econometrics for psychologists
Dual criteria decisions
Discounting Behaviour and the Magnitude Effect: Evidence from a Field Experiment in Denmark
We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made with lower principals, all else being equal. If the magnitude effect is quantitatively significant, it is not appropriate to use one discount rate that is independent of the scale of the project for cost–benefit analysis and capital budgeting. Using data from a field experiment in Denmark, we…
Elicitation using multiple price list formats
We examine the properties of a popular method for eliciting choices and values from experimental subjects, the multiple price list format. The main advantage of this format is that it is relatively transparent to subjects and provides simple incentives for truthful revelation. The main disadvantages are that it only elicits interval responses, and could be susceptible to framing effects. We consider extensions to address and evaluate these concer…
Eliciting Risk and Time Preferences
We design experiments to jointly elicit risk and time preferences for the adult Danish population. Since subjects are generally risk averse, we find that joint elicitation provides estimates of discount rates that are significantly lower than those found in previous studies and more in line with what would be considered as a priori reasonable rates. The statistical specification relies on a theoretical framework that involves a latent trade-off b…
Behavioral econometrics for psychologists
Gender, Competitiveness, and Socialization at a Young Age: Evidence From a Matrilineal and a Patriarchal Society
Recent literature presents evidence that men are more competitively inclined than women. Since top-level careers usually require competitiveness, competitiveness differences provide an explanation for gender gaps in wages and differences in occupational choice. A natural question is whether women are born less competitive or whether they become so through the process of socialization. To pinpoint when in the socialization process the difference a…
Discounting Behaviour and the Magnitude Effect: Evidence from a Field Experiment in Denmark
We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made with lower principals, all else being equal. If the magnitude effect is quantitatively significant, it is not appropriate to use one discount rate that is independent of the scale of the project for cost–benefit analysis and capital budgeting. Using data from a field experiment in Denmark, we…
Dual criteria decisions
Asset Integration and Attitudes toward Risk: Theory and Evidence
We provide evidence that choices over small-stakes bets are consistent with assumptions of some payoff calibration paradoxes. We then exploit the existence of detailed information on individual wealth of our experimental subjects in Denmark and directly estimate risk attitudes and the degree of asset integration. We discover that behavior is consistent with partial, rather than full, asset integration. The implied risk attitudes from estimating t…
Gender Differences in Negotiation: Evidence from Real Estate Transactions
Negotiations over real estate show that men secure better prices than women. However, gender differences decrease when improving controls for the property's value, and is eliminated when controlling for unobserved heterogeneity in a repeated-sales sample. Rather than evidence of differences in negotiation, price differences result from men and women demanding different properties. Consistently, we find no gender difference in sales prices secured…
Towards an Understanding of Reference-Dependent Labour Supply: Theory and Evidence from a Field Experiment
We experimentally study the effects of transitory incentives and income predicted by models of reference-dependent labour supply. Visiting an open-air market in India, we induce experimental variation in: (i) incentives by offering vendors a supplemental wage over the course of two days and (ii) income by, one morning, administering a substantial overpayment for a good sold in the market. We find that incentives have a staggered effect on hours w…
Economics (8 works) · Decision-Making and Behavioral Economics (6 works) · Econometrics (6 works) · Computer Science (5 works) · Mathematics (5 works) · Economic and Environmental Valuation (4 works) · Microeconomics (4 works) · Mathematical economics (3 works) · Statistics (3 works) · Actuarial science (2 works)