Field experimental evidence shows that self-interest attracts more sunlight

Making Interest-free Banking System More Efficient with Regards to Interest Rate

Ramadan fasting: Do we need more evidence?

Over a billion of Muslims fast worldwide during Ramadan each year. Through this religious custom, fasting contributes to their health as well as their spiritual growth. However, available evidence regarding the health-benefits of Ramadan fasting is scarce and highly contentious. Although Islam exempts patients from fasting, many fast conceivably, and their clinical condition is prone to deterio...

Self-efficacy and interest: Experimental studies of optimal incompetence

How does self-efficacy affect interest? The interest-and-interests model assumes that factors that induce interest—novelty, complexity, conflict, and uncertainty—do so non-linearly. Selfefficacy should thus affect interest quadratically, because it reflects uncertainty about an activity s outcome. When self-efficacy is low, interest is low because the activity s outcome is certain. When self-ef...

Experimental Departures from Self-Interest When Competing Partnerships Share Output∗

When every individual’s effort imposes negative externalities, selfinterested behavior leads to socially excessive effort. To curb these excesses when effort cannot be monitored, competing output-sharing partnerships can form. With the right-sized groups, aggregate effort falls to the socially optimal level. We investigate this theory experimentally and find that while it makes correct qualitat...

Bertrand’s Paradox Revisited: More Lessons about that Ambiguous Word, Random

The Bertrand paradox question is: “Consider a unit-radius circle for which the length of a side of an inscribed equilateral triangle equals 3 . Determine the probability that the length of a ‘random’ chord of a unit-radius circle has length greater than 3 .” Bertrand derived three different ‘correct’ answers, the correctness depending on interpretation of the word, random. Here we employ geomet...